Reis, Pedro M. Nogueira; Pinto, António Pedro Soares - In: International Journal of Financial Studies : open … 10 (2022) 4, pp. 1-29
of debt, and leverage. We extracted relevant data from a sample of nearly 18,300 Portuguese companies in 2020 (the … returns of small companies. A decrease in bank relations led to an increase in debt cost and reduced leverage across larger … leverage ratio for companies of average size. Female board members tended to vote for lower debt ratios due to greater risk …