a measure of total wealth is above a certain threshold. In particular, a too large initial debt makes financial …

stabilizing public debt. A public sector of pollution abatement is financed by taxation and by issuing public debt. Considering a … debt-output ratio. …

This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not …

proportion of debt financed firms in the industry. By introducing an additionnal upstream stage to the game, we then examine how … debt financing impacts on incentives to merge with competitors. We demonstrate that a merger involving leveraged firms …

Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …

Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …

We introduce public debt in a Ramsey model with heterogenous agents and a public spending externality affecting utility … which is financed by income tax and public debt. We show that public debt considered as a fixed portion of GDP can have a … the elasticity of capital labor substitution is low enough, public debt can only be destabilizing, generating damped or …