debt on leverage decisions of Indian firms. After including personal taxes, marginal taxes become insignificant. The study …The study investigates the role of personal taxes in corporate financing decisions and its impact on the corporate tax … advantage of debt in domestic manufacturing companies in India. Incremental financing decisions have been analyzed through …

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 …

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 …

in a firm's leverage decision during economic uncertainty and recommends increasing debt financing to incentivize value … 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 …

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 …

developing countries. Specifically, this paper focuses on the association between Malaysian PCON firms and leverage, and is … motivated by the results of Fraser et al. (2006) who report a positive association between leverage and political patronage … ratio is positively associated with leverage, and that borrowing PCON firms have significantly lower ROA compared to non …