market conditions that tend to have a greater impact on these decisions. It is also noteworthy that both book leverage (BL …) and market leverage (ML) exhibit quicker adjustments during stable periods as opposed to periods of crisis. This indicates …

This study examines the relationship between corporate managers' political ideology and corporate leverage policies … Republican managers significantly reduce leverage during periods of high investor sentiment. To the best of the authors … leverage in high-sentiment periods. Overall, the empirical evidence from this study indicates that personal characteristics of …

domestic firms and financial leverage by examining 146 Medium Enterprises (MEs). The results show that except for ownership …, the business sector, firm age, foreign ownership level, and financial leverage significantly influence performance …. Foreign ownership substantially mediates the correlation between firm age and performance but not leverage. Both foreign …

are influenced by free cash flows, dividend yield, promoter holding, and leverage. Interestingly, contrary to anecdotes in …

in small firms’ capital structure. While small firms’ leverage does seem to vary across regions, at least in countries …

relationship between credit rating scales and leverage ratio is a non-linear inverted U shape. High- and low-rated companies have a … low level of leverage, whereas mid-rated companies have a high level of leverage. It is evident that costs and benefits of …

analyzed period, 2000-2016, covers a cycle with significant changes in the Romanian economy. Our results showed that leverage …

of debt, and leverage. We extracted relevant data from a sample of nearly 18,300 Portuguese companies in 2020 (the … returns of small companies. A decrease in bank relations led to an increase in debt cost and reduced leverage across larger … leverage ratio for companies of average size. Female board members tended to vote for lower debt ratios due to greater risk …