show that companies with a high potential loss of control do indeed have smaller equity increases, use more debt and grow …

both types of debt. Moreover, while adverse local credit market conditions are found to reduce external borrowing, internal … debt is increasing, supporting the view that the two channels of debt finance are substitutes. …

structure decisions. We investigate the effect of the difference in taxation of debt and equity financing on capital structures … debt has the expected significant positive impact on a company's financial leverage. Particularly, we find evidence that … the capital structures of smaller companies respond more heavily to changes in the tax benefit of debt. Additional …

firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to … equity financing than Swedish firms depending on which measure used, while the ratio of debt to sales is highest in Sweden …. The major findings are that observed leverage often deviates from the target leverage in both equity and debt dominated …