This paper provides new evidence of how macroeconomic conditions affect capital structure choice. We model firms' target capital structures as a function of macroeconomic conditions and firm-specific variables. We split our sample based on a measure of financial constraints. Target leverage is...

This paper provides new evidence of how macroeconomic conditions affect capital structure choice. We model firms' target capital structures as a function of macroeconomic conditions and firm-specific variables. We split our sample based on a measure of financial constraints. Target leverage is...

This authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy.

This authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy.