and risky levels of debt ratios. Since debt has tax advantages over other sources of capital, this paper employs simulated … analyses three different measures of leverage; debt to asset (DAR) ratio, incremental debt to total assets ratio (DINC) and … debt to capital employed (DAR1) ratio. For each measure of leverage ratio, different specifications based on four variants …

firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a …

The capital structure of a company consists of a particular combination of debt and equity issues to relieve potential … tangibility, size, growth opportunities, profitability and non-debt tax shields. Our main results reveal that there is a negative … and statistically significant relationship between non-debt tax shields and size and debt and there is a positive and …

clear the market by using higher rates. The study reported here also found that the use of collateral in debt contracts can …

This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … the generalized method of moments (GMM), that debt affects negatively on the profitability, but this effect is negligible … existence of non-linear relationship (concave curve) between level of debt and profitability, but this non-linear impact is …

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 …

undertaken in this study is able to capture the tax effects of debt. It shows clearly that companies consider partial … consequences of employing debt and justify the higher use of debt. This study brings forth the empirical evidence that the personal …