This study explores the effect of risk management on capital structure deviations. Specifically, we innovatively … classify capital structure deviations into direct and indirect deviations, with our classification being based on deviations … adjust their capital structure approximately 29.2% faster than insurers with indirect deviations. …

We implemented a methodology to calibrate capital structure models for banks that have issued contingent convertible … securities (CoCos). Typical studies involving capital structure model calibration focus on non-financial firms as they have lower …

This research investigates the factors influencing the capital structure of 271 non-financial firms listed on the … capital structure. Our study suggests that in times of economic stability, the capital structure decisions of a firm are more … the existing literature by offering a holistic view of capital structure determinants in Korean firms. They underscore the …