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This paper proposes a new regulatory approach that implements capital requirements contingent on managerial compensation. We argue that excessive risk taking in the financial sector originates from the shareholder moral hazard created by government guarantees rather than from corporate...
Persistent link: https://www.econbiz.de/10010327863
in small firms' capital structure. While small firms' leverage does seem to vary across regions, at least in countries … much yet is known about variation in debt maturity, in debt in relation to equity, and between different types of small …
Persistent link: https://www.econbiz.de/10011996160
significance. Research questions focused on whether representation impacts leverage levels and the consistency of effects across …. Annual reports of 15 established banks provided data on leverage, gender diversity percentages, board size and other …, addressed endogeneity concerns. Key findings found gender diversity consistently correlated with lower debt utilization …
Persistent link: https://www.econbiz.de/10014527324
methods of moments (GMM). The empirical findings of four different methods indicate that tangibility, leverage, nature of …
Persistent link: https://www.econbiz.de/10012657565
countries in Europe for the period between 2000 and 2016. First, depending on companies' maintenance of leverage that is below …
Persistent link: https://www.econbiz.de/10012703639
This study examines whether a firm's leverage can be used strategically to improve its bargaining position with an … empirical testing, we find that the portfolio with the lowest union labor coverage has the lowest leverage, while the portfolio … with the highest union labor coverage has the highest leverage. We also find that collective bargaining power positively …
Persistent link: https://www.econbiz.de/10011538776
by curbing risk-taking incentives, the higher the leverage the bank is permitted to take on. Consequently, the risk …
Persistent link: https://www.econbiz.de/10011539866
External finance is considered to devide into equity and debt finance. The criteria established to distinguish the two …
Persistent link: https://www.econbiz.de/10010296601
predictions for debt use and restores the prospect of capital structure irrelevancy despite the existence of corporate taxes. …
Persistent link: https://www.econbiz.de/10011996075
constrained the ability of REITs to use internal earnings and that they have to rely on debt financing to support their funding … requirements. However, there is also some empirical evidence showing that the use of debt by REITs has adverse effects on the … to empirically examine how and to what extent the effects of debt on financial performance are contingent on other …
Persistent link: https://www.econbiz.de/10014544644