relationship between credit rating scales and leverage ratio is a non-linear inverted U shape. High- and low-rated companies have a … low level of leverage, whereas mid-rated companies have a high level of leverage. It is evident that costs and benefits of …

governance can be thought to be an interesting finding. The relationship we find between credit rating and leverage is not as … director, firm size, tangible assets and firm age, and CEO and chairman office plurality. However, leverage is found to be … associated with leverage, but in a less significant way. CEO-Board chairship duality is insignificantly related to leverage. The …

a positive answer to this question by finding that among illiquid exporters leverage is negatively correlated with the … practice in the trade literature. We argue that the negative impact of leverage on quality is consistent with theoretical …

) which factors - country- or firm-specific - are more relevant in explaining leverage in Poland, (2) which theory - trade … importance of country-specific factors (especially in large-sized, listed firms). The signs of the associations between leverage …

This study examines the relationship between corporate managers' political ideology and corporate leverage policies … Republican managers significantly reduce leverage during periods of high investor sentiment. To the best of the authors … leverage in high-sentiment periods. Overall, the empirical evidence from this study indicates that personal characteristics of …

financial instruments used. Some are consistent with existing theory, while others are understudied. Many leverage changes are …). This implies a lower frequency of proactive leverage adjustments than indicated by prior research using accounting data …

in small firms’ capital structure. While small firms’ leverage does seem to vary across regions, at least in countries …

analyzed period, 2000-2016, covers a cycle with significant changes in the Romanian economy. Our results showed that leverage …