This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of …

emerges and that higher levels of leverage lead to a greater inequality among agents. When further analyzing the relationship … between leverage and balance sheets, we observe that decreasing credit frictions result in an increasingly procyclical … behavior of leverage, which is typical for investment banks. We show how decreasing credit frictions increase volatility but …

higher levels of leverage lead to a greater inequality among agents. Furthermore, greater leverage increases the frequency of … key difference in the relation between leverage and assets observed for different bank types. Lowering credit frictions … leads to an increasingly procyclical behavior of leverage, which is typical for investment banks. Nevertheless, the impact …

multinationals. A theoretical analysis shows that the imposition of such rules tends to affect not only the leverage and the level of … investment but also their tax-sensitivity. An empirical investigation of leverage and investment reported for affiliates of …

Kapitalstruktur analysiert. Für die meisten der analysierten Länder - darunter Deutschland, Frankreich, Spanien und die Niederlande … - können keine wesentlichen Unterschiede hinsichtlich der Determinanten der Kapitalstruktur von Aktiengesellschaften und Nicht …

characteristics of the founders for explaining young firms' leverage, whereas firm characteristics and human capital of both founders …

. Additionally, leverage dynamics are interpreted in their role for liquidity management. Interactions of leverage with lines of … relationship. However, the calculus of financial flexibility and our findings suggest that leverage positively drives cash, which … (Spotlight A). Consequently, the very robust results indicate that leverage eliminates a significant amount of information …

and leverage substantially. …