Table 4.
Leverage structure decision level of firms.
| Decision Makers | Decision |
|
|---|---|---|
| Frequency | Percent | |
| Board of Directors | 51 | 81 |
| Chief Executive officer | 12 | 19 |
| Chief Financial officer | 0 | 0 |
| Total | 63 | 100 |
Leverage structure decision level of firms.
| Decision Makers | Decision |
|
|---|---|---|
| Frequency | Percent | |
| Board of Directors | 51 | 81 |
| Chief Executive officer | 12 | 19 |
| Chief Financial officer | 0 | 0 |
| Total | 63 | 100 |