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methods of moments (GMM). The empirical findings of four different methods indicate that tangibility, leverage, nature of …
Persistent link: https://www.econbiz.de/10012657565
countries in Europe for the period between 2000 and 2016. First, depending on companies' maintenance of leverage that is below …
Persistent link: https://www.econbiz.de/10012703639
This study examines whether a firm's leverage can be used strategically to improve its bargaining position with an … empirical testing, we find that the portfolio with the lowest union labor coverage has the lowest leverage, while the portfolio … with the highest union labor coverage has the highest leverage. We also find that collective bargaining power positively …
Persistent link: https://www.econbiz.de/10011538776
by curbing risk-taking incentives, the higher the leverage the bank is permitted to take on. Consequently, the risk …
Persistent link: https://www.econbiz.de/10011539866
This paper proposes a new regulatory approach that implements capital requirements contingent on managerial compensation. We argue that excessive risk taking in the financial sector originates from the shareholder moral hazard created by government guarantees rather than from corporate...
Persistent link: https://www.econbiz.de/10010226049
This study examines whether a firm’s leverage can be used strategically to improve its bargaining position with an … empirical testing, we find that the portfolio with the lowest union labor coverage has the lowest leverage, while the portfolio … with the highest union labor coverage has the highest leverage. We also find that collective bargaining power positively …
Persistent link: https://www.econbiz.de/10011504401
by curbing risk-taking incentives, the higher the leverage the bank is permitted to take on. Consequently, the risk …
Persistent link: https://www.econbiz.de/10011539591
countries in Europe for the period between 2000 and 2016. First, depending on companies’ maintenance of leverage that is below …
Persistent link: https://www.econbiz.de/10012502567
in small firms’ capital structure. While small firms’ leverage does seem to vary across regions, at least in countries … much yet is known about variation in debt maturity, in debt in relation to equity, and between different types of small …
Persistent link: https://www.econbiz.de/10011964118
of employment and the income of households. This paper focuses on the role of firm leverage on the growth performance of … the firm during the global financial crisis. We investigate whether the firms that experienced a large leverage increase … rise. The findings suggest that the poorer sales growth performance of the firm was related to the firm leverage increase …
Persistent link: https://www.econbiz.de/10010941535