In this paper we build an agent-based model based on a threefold financial accelerator: (i) leverage accelerator …' capitalization on the stock market decreases, thus the distance-to-default (DD) diminishes and it reinforces the leverage accelerator … of bankruptcies. In this framework, we find that stock market volatility may damage the real economy if the stock market …

opportunities, asset tangibility, non-debt tax shield, volatility and liquidity on capital structure. Employing the cross … show that profitability and liquidity are negatively and significantly related to leverage. Also asset tangibility has a … positive relationship with leverage, which is significant. Moreover the researcher finds that total debt ratio at market value …

opportunities, asset tangibility, non-debt tax shield, volatility and liquidity on capital structure. Employing the cross … show that profitability and liquidity are negatively and significantly related to leverage. Also asset tangibility has a … positive relationship with leverage, which is significant. Moreover the researcher finds that total debt ratio at market value …

volatility of prices and returns. At the same time, the leverage has also got a role at both levels: the capital structure of the … firm and the investors’ strategy. We examine the return and volatility in relation to leverage by considering different … return, volatility and value at risk (VaR). The high leverage is indicative of having a big role in making worse the …

leverage in affecting the returns and the firm‘s share price volatility in relation to an Islamic finance perspective (IFP … theory, that a portfolio with a higher capital structure has higher volatility and lower returns compared to a portfolio with … analyzed based on econometric analysis. Dynamic GMM is used in order to correlate the firm‘s leverage to total assets with its …

The paper examines the association between corporate leverage and their investment in R&D. Towards this end, it … develops certain testable propositions. These propositions are tested using a dataset of manufacturing firms in India covering … leverage ratios. Additionally, the estimates reveal that the dampening effect of R&D-intensity on leverage is the highest for …

The paper assembles data on over 1,000 manufacturing and services firms in India for the entire post-reform period from … with unquoted firms. A disaggregated analysis based on firm size and leverage above a certain threshold validates these …