firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a … 3% increase in the number of death tolls. It suggests that reducing leverage in coalmining firms can be an effective way …

of employment and the income of households. This paper focuses on the role of firm leverage on the growth performance of … the firm during the global financial crisis. We investigate whether the firms that experienced a large leverage increase … rise. The findings suggest that the poorer sales growth performance of the firm was related to the firm leverage increase …

We examine leverage decisions in the context of national culture over the 1996–2010 period. Cultural characteristics … with high Individualism and Indulgence employ more debt. Firms located in countries with high Power Distance, Masculinity … less debt relative to non-capital-raising ADRs, and notably, in the post-cross-listing period. Interestingly, the home …

’ target financial leverage and the speed of adjustment to it in two transition economies, the Czech Republic and Bulgaria. We … explicitly model the adjustment of companies’ leverage to a target leverage, and this target leverage is itself explained by a … under investigation. Bulgarian companies adjusted much faster to the target leverage than Czech firms. The speed of …

to explicitly model the adjustment of a firm’s leverage to a target leverage. …

dividends – rather than leverage – that leads to a reduction of free cash flows. The specific characteristics of corporate …(VF)La limitation du problème du free cash flow dépend de l’efficacité des mécanismes de gouvernance.Sur la base d … niveau d’endettement, qui permet de réduire le niveau du free cash flow. Les caractéristiques du conseil d’administration et …

that there is a significant negative impact of liquidity, tangibility, profitability and cash gap on the two debt ratios … panel data. We model the leverage ratio as a function of firm-specific characteristics. The findings indicate the emerging … character of Serbian corporate environment. We document that Serbian firms tend to have much lower debt ratio and that they rely …

This paper investigates the relationship between leverage and the financial performance of listed firm in Kenya. We use … leverage significantly, and negatively, affects the profitability of listed firms in Kenya. However, leverage has no effect on …

We observe a persistent increase in the percentage of firms with little or no debt in their capital structure over the … last three decades. The fraction of firms with less than five percent debt in their capital structure increases from 14 … methodologies, specifications, and time periods. Overall, these results suggest that the well-documented benefits of leverage are …