Single-bank or multiple-bank relationship can play a role in the degree of corporate risk-taking that inspires financing decisions. We study whether or not the magnitude of corporate risk-taking is associated with bank relationship. We employ the public firms in Taiwan with the sample period...

We evaluate the association between the pace of the adjustment toward target capital structure and the extent to which equity prices reflect firm-specific information. The evidence indicates that firm-specific stock return variation explains significantly the pace of the adjustment toward target...