- and country-specific factors play an important role in the choice of debt for firms in Sub-Saharan Africa. First, firm … to increase their debt maturity structures. The choice of debt for firms in Ghana is significantly influenced by the … to have lower mean debt ratios and faster capital structure adjustment speeds. Similarly, firms in countries with strong …

positively related to debt ratio whereas firm size and debt service capacity are negatively related to debt ratio. The asset … debt service capacity are insignificant determinants. Research limitations/implications The findings of this study are …

evidenced a positive relationship with REITs’ financial leverage, operating risk and growth opportunities variables displayed a … market. The FEC also had a substantial indirect impact on the financial leverage determinants of US REITs, the latter being …

’s cost of debt and optimal leverage. Findings In contrast to the tradeoff theory of capital structure, it is found that asset … can choose a lower leverage to signal their lower risk and reduce their cost of debt. High-risk firms may prefer to pay … low leverage and do not appear to take advantage of their debt tax shields.  …

macroeconomic anomalies, pervasive credit risk, poor corporate governance, and inefficient legal and regulatory framework; leverage …

Purpose – The purpose of this paper is to explore the effect of leverage mimicking factor portfolios in explaining … mimicking the leverage factor. Design/methodology/approach – Following Fama and French's and Carhart's procedure in forming size …, book‐to‐market and momentum mimicking portfolios, the authors of this paper form leverage mimicking factor portfolios to …

, this is the first study that links debt market conditions to the leverage ratios of firms that borrow in the syndicated … structure. Design/methodology/approach – The paper uses a sample of 6,903 syndicated bank loans in the USA, covering the period … borrowers' leverage ratios. Findings – On the whole, the results reject the market timing theory of capital structure for …

management careers. Social implications – Proper managerial techniques and considerations for leverage and capital structure can … potentially benefit society through more prudent use of debt, based on the variety of measures presented in this paper …

four leverage measures (total leverage and long-term leverage in terms of both book value and market value, respectively … effect and ownership effect. Findings – The authors find that large firms favour debt financing while profitable firms rely … more on internal capital accumulation. Intangibility and business risk increase the level of debt financing but tax has …

existence of more dispersed ownership (managerial and institutional) result in a reduction in the level of leverage and debt … European soccer clubs and specifically on the level of debt that soccer clubs decide to issue. Design/methodology/approach – A … could be used as a monitoring mechanism for reducing the fictitious level of debt that characterizes the majority of …