structure and leverage. It therefore takes into consideration the existence of any significant differences between the leverage … structure than those of non-family owned businesses. This indicates that most family firms use less debt financing than non …-family firms, and as such maintain a lower level of debt. Secondly, family firms demonstrate lower risk as illustrated by the …

) which factors - country- or firm-specific - are more relevant in explaining leverage in Poland, (2) which theory - trade … itself mainly in gradual increase in debt ratios with a dominant role of short-term debt, along with the decrease in the … importance of country-specific factors (especially in large-sized, listed firms). The signs of the associations between leverage …

in a firm's leverage decision during economic uncertainty and recommends increasing debt financing to incentivize value … corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at … NYSE over 1995-2018, we provide novel evidence that cash holdings significantly and partially mediate the EPU-leverage …

operating in countries with stronger governance decrease their leverage while increasing their debt maturity. Specifically, we … show that they decrease their reliance on short-term debt issuance while they increase their reliance on long-term debt and …

institutional environments. The results indicate that the longer the layers of a pyramid structure, the stronger its "leverage … effect", as well as the ultimate owner’s motivation to expand debt financing. Thus the layers of pyramid structure have a …

to minimize the carbon tax policy’s cost. The shift to debt financing, in turn, mitigates the carbon tax policy … interests. Such a rule renders senior debt no longer useful for reducing the carbon tax policy’s cost. As a result, the tax …This paper examines the efficacy of carbon tax policies in view of the interactions between such policies and the firm …

no venture capital or private equity backing, have lower debt servicing capacity and have lower tax avoidance risk … unable to secure planned financing due to the IPO suspension policy engage in greater tax avoidance activities than …. Moreover, the tax avoidance activities of enterprises positively influence their fixed asset investment and innovation …

marginal tax rates affect the debt policies of Spanish listed companies, and the existence of non-debt tax shields constitutes … an alternative to the use of debt as a tax shelter. Consistent with theoretical expectations, there is a stronger …This study explores the role of taxes in explaining companies’ financing decisions. We test whether the corporate tax …