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 … warrant examination. Profitability is positively associated with leverage, as anticipated based on theoretical underpinnings …

Agency theory predicts that leverage affects agency costs and thereby the firm's influence will be influenced. The goal …

below capacity to avoid costly investment delay. Consistent with this prediction, new firms with a lower first leverage … ratio (initial leverage) perform better ex post in a unique US representative sample. In the model and in the data, this …

financial firms engage in excessive risk-taking mainly through increased leverage. Third, we find that bank corporate governance …

firms have lower leverage; and (iii) the best performing firms are more severely affected by reduced debt financing. We …

corporate governance structures that insulate managers from turnover, decrease managers' risk-taking incentives, and increase …