Leverage ; Capital Structure ; Property Companies ; Real Estate Finance …

We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the … characteristics of the founders for explaining young firms’ leverage, whereas firm characteristics and human capital of both founders … detected by merely estimating single-equation models for R&D intensity and debt financing. -- Innovation financing ; capital …

capital structure are highlighted through separately observing debt and equity and their relationship to investment …. 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 …

. The major findings are that observed leverage often deviates from the target leverage in both equity and debt dominated …This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in … firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to …

&A) conducted by multinational entities (MNE). Previous research has already found evidence for tax avoidance by debt shifting. I …. Finally, I show that the tax sensitivity of external debt financing increases with the consolidation (though again with no …In this paper, I investigate the influence of tax incentives on the financial structures of mergers and acquisitions (M …