model predicts the negative impact of inflation on real equity values is stronger for low leverage firms. We find empirical …

This paper examines the dynamic relationship between firm leverage and risktaking. We embed the traditional agency … problem of asset substitution within a multi-period model, revealing a U-shaped relationship between leverage and risktaking …, evident in data from both the U.S. and Europe. Firms with medium leverage avoid risk to preserve the option of issuing safe …

corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at … NYSE over 1995-2018, we provide novel evidence that cash holdings significantly and partially mediate the EPU-leverage … relationship, accounting for a 10.72% increase in the corporate leverage during EPU. We discover that the mediating role of cash …

shocks, as well as symmetric, asymmetric and leverage effects. Three different Heterogeneous Auto Regressive (HAR) models …. Somewhat unusually, leverage effects are observed in EGARCH for Medical-type tourists, which shows a negative correlation … asymmetric impacts on volatility show that negative shocks have larger effects than do positive shocks. The leverage effect in …

We develop a dynamic model of banking to assess the effects of liquidity and leverage requirements on banks' insolvency … requirements with leverage requirements reduces drastically both the likelihood of default and the magnitude of bank losses in …

in changing debt maturity and the deviation to leverage target to gauge the causal relationship, and identify the reduced …

changing debt maturity and the deviation to leverage target to gauge the causal relationship, and identify the reduced …