their capital structure. Using a panel of 3173 U.S. firms from 1960 to 2020 (49,424 firm-year observations), we examine four …-paying firms, offering new insights into capital structure literature. …

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 …