adjustment behavior towards target leverage policy, this study uses the GMM (generalized method of moments) models of Arellano … targeting behavior of Chinese firms towards leverage and the determinants of leverage policy in China at various levels. Methods … adjustment speed towards a target level of leverage. The study finds that Chinese firms have a target level of leverage and firms …

between growth and investment; this association is enhanced by leverage, especially for high-growth firms. This supports the … view that short-term debt helps Chinese firms to make optimal use of leverage and therefore make better investment … decisions. Furthermore, the results reveal that leverage plays a disciplining and monitoring role to reduce overinvestment …

countries in Europe for the period between 2000 and 2016. First, depending on companies' maintenance of leverage that is below …

We examine the impact of ownership concentration, firm life cycle, and family ownership on leverage using a sample of … concentration and leverage, and between the firm life cycle and leverage. Furthermore, the study contributes to the literature by … showing that firm age positively moderates ownership concentration and leverage linkage. Besides we provide evidence that debt …

discretionary accruals and leverage during various life cycle stages can lead to better investing, financing, operating and policy …

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in …. The major findings are that observed leverage often deviates from the target leverage in both equity and debt dominated …

well as macroeconomic factors on the speed of adjustment to the target leverage. Our sample comprises a panel of 90 Swiss …

there is a negative relationship between asset tangibility and cash holdings and a non-linear relationship between leverage …

monetary channel has significant asymmetry, whereas the credit channel has none. Leverage moderates the relationship between …

-linear relationship between the leverage ratio and liquidity holdings. Dividend payments and operating cash flows are positively related …