leverage when the tax rate on interest income decreases, albeit to a small degree. …

and its gradual implementation, the ACE relief is estimated to reduce significantly leverage. By decreasing default risk …

and how this interaction is affected by ownership structure. We show that firms in our sample increase their leverage … that the leverage of these firms has a positive and significant effect on regulated prices, but not vice versa, and it also … privately-controlled firms use leverage strategically to shield themselves against regulatory opportunism. …

runs, and the interplay between monetary policy and Basel-like capital ratios. In equilibrium, bank leverage depends … rates. A monetary restriction reduces leverage, while a productivity or asset price boom increases it. Procyclical capital … anticyclical capital ratios and a response of monetary policy to asset prices or leverage. …

This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of …

political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we … leverage can both increase or decrease, depending on the type of political risk. Using the Microdatabase Direct Investment of …

) family firms are considered to be the backbone of the economy. We find that family firms have significantly lower leverage … ratios than non-family firms, independent of the definition of leverage applied. Among the three dimensions of a family firm …, management board involvement by the founding family has a consistently negative influence on leverage across all our models. In …