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The derivative condition, an aesthetics of resolution, and the figure of the renegade: A conversation

Nestler, Gerald; Kloeckner, Christian; Mueller, Stefanie - In: Finance and Society 4 (2018) 1, pp. 126-143

performative speech in the actualization of biopower based on the exploitation of volatility and leverage. In conversation with …

Persistent link: https://www.econbiz.de/10015190796

Who owes? Class struggle, inequality and the political economy of leverage in the twenty-first century

Sgambati, Stefano - In: Finance and Society 8 (2022) 1, pp. 1-21

in financial and property markets. The article thus provides a political economy of leverage as power, showing how …

Persistent link: https://www.econbiz.de/10015190892

Capital Structure Determinants in German SMEs: Panel Analysis and Policy Recommendations

Shugliashvili, Teona; Pirveli, Erekle; Munjishvili, Tea; … - In: Credit and Capital Markets – Kredit und Kapital 56 (2023) 3-4, pp. 313-351

non-debt tax shields affect SME leverage; 2) Policies addressing the term spread and economic uncertainty influence debt … effects on German SME leverage; 4) SME policy incentives yield short-term effects on capital structures, as SMEs adjust … leverage within 8 months. …

Persistent link: https://www.econbiz.de/10015191644

Does the IFRS 16 affect the key ratios of listed companies? Evidence from Poland

Białek-Jaworska, Anna; Dobroszek, Justyna; Szatkowska, … - In: International Journal of Management and Economics 58 (2022) 3, pp. 299-315

the profitability. We identified significant leverage increase in the trade and services sectors. The results confirm the …

Persistent link: https://www.econbiz.de/10015192191

Earnings Management During Financial Crisis: The Case of Greece

Ntokozi, Afroditi; Tzovas, Christos A.; Chalevas, … - In: Journal of Accounting and Management Information … 21 (2022) 2, pp. 200-219

Research Question - Did Greek listed firms engage in earnings management practices during the initial phase of the 2010's economic crisis? Motivation - Impact of structural attributes of a country along with firms' characteristics on economic entities' accounting policy decisions. Idea - Firms'...

Persistent link: https://www.econbiz.de/10015195886

The shifts and the shocks: Bank risk, leverage, and the macroeconomy

Kuvshinov, Dmitry; Richter, Björn; Zimmermann, Kaspar - 2022

increases in financial and macroeconomic leverage. …

Persistent link: https://www.econbiz.de/10013368002

Firms' Financing Dynamics around Lumpy Capacity Adjustments

Görtz, Christoph; Sakellaris, Plutarchos; Tsoukalas, … - 2022

We study how firms adjust their financial positions around the times when they undertake lumpy adjustments in capital or employment. Using U.S. firm level data, we document systematic patterns of cash and debt financing around lumpy adjustment, remarkably similar across capital and employment....

Persistent link: https://www.econbiz.de/10013427763

State-business relations and access to external financing

Tkachenko, Andrey - 2022

Firms' contractual relations with a state may give lenders a positive signal and facilitate access to debt. This paper studies the impact of public procurement contracts on ftrms' access to debt using an extensive survey of Russian manufacturing ftrms combined with accounting and procurement...

Persistent link: https://www.econbiz.de/10013432940

House price rises and borrowing to invest

Crossley, Thomas F.; Levell, Peter; Low, Hamish - 2022

Household borrowing and spending rise with house prices, particularly for leveraged households, but household spending is not consumption. We propose an alternative borrow-to-invest motive by which house price gains affect household spending on residential investment: rational, leveraged...

Persistent link: https://www.econbiz.de/10013479039

Levered returns and capital structure imbalances

Ippolito, Filippo; Steri, Roberto; Tebaldi, Claudio; … - 2022

We revisit the relation between equity returns and financial leverage through the lens of a dynamic trade-off model …'s leverage is above or below its target leverage. We provide empirical evidence in support of the model predictions. Controlling … for leverage, overlevered (underlevered) firms earn higher (lower) returns. A quantitative version of our model reproduces …

Persistent link: https://www.econbiz.de/10013479468