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This study seeks to understand the role of intellectual capital and capital structure in maintaining the financial performance and cultural sustainability of village credit unions in Bali, locally known as lembaga perkreditan desa (LPD), which is crucial in the funding of cultural and religious...
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This research finds the effect of financial leverage on efficiency of firms in Pakistan. The ordinary least square … technique is used to detect efficiency of financial leverage of 154 textile firms in Pakistan over the period 2006 - 2011.The … regression results indicate that leverage has s negative association with the efficiency of firms. Financial leverage is …
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We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes (zero-tax firms) has increased substantially over the past 70 years, accounting for almost 15% of listed U.S. firms in recent years. Zero-tax firms thus represent a major group of...
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We study the leverage of U.S. firms over their life-cycles, and the connection between firm leverage, firm growth, and … leverage dynamics over their life-cycles. Firm age and size are systematically related to leverage for private firms, but not … leverage dynamics of firms is also relevant for aggregate fluctuations …
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