Background: This study tries to investigate how firms adjust their leverage policy across the firm’s life cycle. For … rate of leverage and its determinants in three different life stages of Chinese firms. We find that adjustment rate of … leverage varies for different life stages. Results: In accordance with trade off theory of capital structure this study reports …

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 …

This thesis analyses the impact of tax policy on firms' leverage ratios in a balanced panel of 129 medium-sized listed … companies from II European countries from 1993 to 2005. A general model of company leverage is applied within which King's tax … finance. Various leverage measures are studied to check for the robustness of the estimated model. Total debt is then …

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 …

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