We explore network effects in capital structure decision making. The economy is presented as a set of nodes (industries) and edges (trading links between them). First, we propose a simple theoretical setup which allows us to illustrate numerically joint dynamics of optimal capital structure...

Strategic default by firms remains a global concern. Although the theoretical literature studies this phenomenon, empirical evidence is scant as data categorizing defaults as strategic or distress-driven is unavailable. We use unique data from India to investigate how firms that strategically...

Following the massive impact of the Covid-19 pandemic on the global economy and on small and medium-sized enterprises (SMEs) in particular, the concept of resilience has experienced a renaissance. As an organizational concept, business model resilience describes the extent to which an...

This paper examines the financial decisions made by companies, the strategies that organizations follow, the alignment between these two variables, and the relationship of financial decisions to the level of competitiveness. Two hundred two businesses' testimonies in the region of Celaya were...

Wholesale companies face some serious and severe problems not only in terms of financial performance, but also with the continued business life and presence on Russian market. Sanctions imposed in 2014 threaten companies' financial performance and in 2015, 19.6% of wholesale enterprises were...