countries for the period 1982-2004. Using confidential data on the internal and total leverage of foreign affiliates of US … affiliate's debt to assets ratio by 0.8%, which shows that rules targeting internal leverage have an indirect effect on the … overall indebtedness of affiliate firms. The impact of capitalization rules on affiliate leverage is higher if their …

particular, our results show that the optimal dividend is smooth over time and that leverage is predominantly constant over time …

regulated firm, A key aspect of the referred relationship pertains a leverage effect according to which debt could be increased … uni-directional causality from INV to NDEBT and therefore is, to a large extent, consistent with a leverage effect and …

leverage, the optimum and excessive risk and the probability of a debt crisis. The theoretically founded early warning signals … crisis ; optimal leverage and debt ratios ; Congressional Oversight Panel ; Case-Shiller index …

model predicts the negative impact of inflation on real equity values is stronger for low leverage firms. We find empirical …

within its assets, faces an associated intermediation cost and, via leverage, provides a risk-free asset to h …, making financial leverage state-dependent and counter-cyclical. We study how this mechanism endogenously channels … amplification of consumption and mitigation of output fluctuations. In equilibrium, financial sector leverage also determines …

, generous tax depreciation allowances lead to a decrease in a firm's leverage and, in most cases, cause a reduction in default …