non-debt tax shields affect SME leverage; 2) Policies addressing the term spread and economic uncertainty influence debt … the importance of factors such as the non-debt tax shield, firm size, interest rate spread, and the economic policy … Panel Fractional (DPF) estimator to identify the key variables influencing the debt-to-equity ratio. The findings underscore …

structure and leverage. It therefore takes into consideration the existence of any significant differences between the leverage … structure than those of non-family owned businesses. This indicates that most family firms use less debt financing than non …-family firms, and as such maintain a lower level of debt. Secondly, family firms demonstrate lower risk as illustrated by the …

) which factors - country- or firm-specific - are more relevant in explaining leverage in Poland, (2) which theory - trade … itself mainly in gradual increase in debt ratios with a dominant role of short-term debt, along with the decrease in the … importance of country-specific factors (especially in large-sized, listed firms). The signs of the associations between leverage …

We contribute to the empirical literature on the debt bias of corporate income taxation through a micro …-econometric evaluation of the so-called ACE corporate tax reform in Belgium based on firm-level accounting data. We interpret the tax reform … that came into effect in January 2006 as an economic quasi experiment. We identify its causal impact on the leverage ratio …

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 …

operating in countries with stronger governance decrease their leverage while increasing their debt maturity. Specifically, we … show that they decrease their reliance on short-term debt issuance while they increase their reliance on long-term debt and …

This study investigates the impact of Environmental, Social, and Governance (ESG) investments on corporate debt … may initially restrict access to debt financing. Nonetheless, FSD serves as an important moderating variable, converting …