Debt-ridden corporate growth and increased vulnerability was one of the causes of the 1997 financial crisis in Korea … even when we control for the leverage regulation effect (ii) enhanced compliance with leverage regulation and thus reduce …

institutional environments. The results indicate that the longer the layers of a pyramid structure, the stronger its "leverage … effect", as well as the ultimate owner’s motivation to expand debt financing. Thus the layers of pyramid structure have a …

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax … Labour Sponsored Venture Capital Corporations (LSVCCs) receive capital only from individual investors who receive tax breaks … governance and tax incentives: (1) on the distribution of venture capital funding between private and LSVCC funds; (2) on the …

-remote entities. This paper shows how HCs should optimally determine their multi-tier financial leverage based on a novel debt …

control firms, SOX is associated with higher long-term debt ratios for U.S. firms listed in the U.S. but not for Canadian …-term debt ratios post-SOX …

employee rights and firms' use of debt. This is because when employee rights are high, shareholders intend to use more debt … also document a negative relationship between creditor rights and firm debt ratio. When creditor rights are high, creditors … have more negotiation power to obtain good terms in debt contracting. If shareholders cannot get a favorable debt contract …

. The empirical results investigated that Short term debt ratio and Long term debt ratio has significantly negative …-term debt ratio and Long-term debt ratio …

determining leverage ratios. More specially, we find that managerial ownership has a positive and significant impact on firms …' leverage, consistent with the incentive alignment hypothesis. We also find that managerial ownership only affects the leverage … decisions of private firms in the post-2005 split share reform period. State ownership negatively influence leverage decisions …

earnings; have more short term debt in relation with retained earnings; have more long term debt compared with short term debt …; and have more external equity than long term debt. The results also provide some evidence that a more gender diversified …