capital structure has no significant impact on the firms' profitability or productivity. However, the capital structure is … they apply for bank loans than corresponding firms with low solvency ratios. We also find that firms issuing exchange …-traded stocks have higher solvency ratios than unquoted public firms. Finally we compare the corporate capital structure in Denmark …

While differences in capital structure between large and small firms have been extensively researched, relatively less …. In this paper, we explore the determinants of SME capital structure across the age distribution of firms using firm … financial structure with more stock market financing reducing firm leverage disproportionately for young firms while foreign …

We study the leverage of U.S. firms over their life cycles and the connection between firm leverage, firm growth, and … aggregate shocks. We construct a new dataset that combines private and public firms’ balance sheets with firm-level data from U ….S. Census Bureau’s Longitudinal Business Database for the period 2005–12. Public and private firms exhibit different leverage …