this study will simultaneously estimate the optimal liquidity level that could optimize the financial performance of REITs …; Perron, 2006) to analyze the moderating effects of liquidity and the optimal liquidity level on the debt … constrained the ability of REITs to use internal earnings and that they have to rely on debt financing to support their funding …

This paper develops a new model of debt renegotiation in a structural framework, that accounts for both taxes and … coupon reduction to creditors, given that the new coupon is chosen such that debt value remains constant. Our result shows … firm without hurting the creditors. This model of debt renegotiation can be viewed as a way of passing from a junk bond to …

firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a …

Compensation theory holds that executive aggression is related to both the level and riskiness of inside debt. However …, previous researchers only have examined the level of inside debt. We provide an inside debt metric that is conceptually … superior to previously used metrics as it incorporates the riskiness of inside debt. For the overall sample, our metric …

The aim of this paper is to analyse the influence of financial system liquidity and corporate leverage on a firm …'s overinvestment. We posit that when external funds are easily available, as in expansionary monetary periods, debt loses its … traditional role as a managerial control mechanism. Instead, the supply of systemic liquidity results in corporate leverage …

The aim of this paper is to analyse the influence of financial system liquidity and corporate leverage on a firm …'s overinvestment. We posit that when external funds are easily available, as in expansionary monetary periods, debt loses its … traditional role as a managerial control mechanism. Instead, the supply of systemic liquidity results in corporate leverage …

The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time … their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for … structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in debt …

study. The study used Return on Asset (ROA) and Return on Equity (ROE) as performance proxies. In addition, debt equity … ratio (DER) and debt asset ratio (DAR) were used as capital structure proxies. The relationship between the performance and … significant relationship in almost all firms between return on equity and debt to equity. This justifies that a highly geared firm …