-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …

thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive …

suggest that investment of high-debt firms is significantly depressed for an extended period in the aftermath of economic … crises. In the four years after a negative economic shock, the cumulative loss of capital of high-debt firms is around 15 …% higher than that of firms with lower debt burdens. The negative impact of high debt on investment is most evident for firms …

We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous … climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to … physical climate risks have a substantial impact on collateral values. Additionally introducing leverage regulation can be …

faced by firms, such as cash flow (debt burden) are found to exert a positive (negative) impact on firm growth, while the … results for leverage are less clear-cut. -- Financing constraints ; firm growth, panel data …

of non-financial firms' leverage carry over to banks, except for banks whose capital ratio is close to the regulatory … important determinant of banks' capital structures and that banks' leverage converges to bank specific, time invariant targets …. -- Bank capital ; capital regulation ; capital structure ; leverage …

Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal …