between firm performance and leverage. We find, first, that highly leveraged small businesses increase their trade payables … highlight the benefits of high leverage for small businesses. Copyright Springer Science+Business Media New York 2015 …

. Specifically, the studied risk-taking variables are: Leverage, Research and Development costs (R&D), and Firm Size; besides, the … measures. Finally, the results have shown that Leverage, R&D, and Size have decent impacts on corporate returns, both …

This paper examines the moderating effect of competition on the relationship between financial leverage and firm … estimates both the leverage-performance relation and the dependence of this nexus on market competition. The two-step system … model estimation. The findings reveal a negative leverage-performance nexus, and increased competition hurts this …