-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …

their leverage …

issuer firms expand their total assets and fixed assets, and also raise their leverage …

thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive …

suggest that investment of high-debt firms is significantly depressed for an extended period in the aftermath of economic … crises. In the four years after a negative economic shock, the cumulative loss of capital of high-debt firms is around 15 …% higher than that of firms with lower debt burdens. The negative impact of high debt on investment is most evident for firms …

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 …

global games methodologies. Contingent convertible bonds are meant to act as a bail-in mechanism for banks, where CoCo debt …