Paeleman, Ine; Guenster, Nadja Katharina; Vanacker, Tom; … - In: Journal of business ethics : JBE 189 (2024) 3, pp. 507-523
Firms usually need to attract debt to form and grow, but increasing financial leverage also entails increased risks and costs for stakeholders, such as customers and employees. Accordingly, past research suggests that for common commercial firms (CCFs), which prioritize profits, higher leverage...