advantages of debt against the risk of costly default. The costs of default are endogenous: bankrupt firms are forced to …, firms’ investment is too low and, although the capital structure is chose optimally, in equilibrium too little debt is used …

firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a …

conditions ensuring that - at the optimum - guarantees increase total debt, which bears mostly on the Subsidiary. This difference …

's Protestant religiosity leads to a 0.4% lower leverage and less frequent debt issuances. This religiosity also has significant …

After 1985, a large number of LBO project were not able to meet their debt. Among these cases, the Federated Department … : What makes the buyout debt so advantageous ? To answer to the question, we provide a survey of the theoretical and … empirical literature based on two opposite sides : On the first side, debt is value enhancing (the agency theory, the tax …

their individual and collective inferences on the combined debt and equity cost of capital. Even though ICT companies are … diversification and higher total and long-term debt ratios, and a reduction in the overall cost of capital. Results suggest …