In 'Nonprofit Finance: A Synthetic Review' Thad D. Calabrese reviews the current state of research on nonprofit finance. The book comprehensively addresses core finance topics with a focus on those issues that differentiate nonprofit finance from traditional finance. Topics include the financial...

High-yield corporate and leveraged loans have grown substantially over the past decade. However, the COVID-19 pandemic means downside risks are rising alongside expectations of severe negative impacts on corporate earnings and economic growth. The proportion of leveraged corporate debt exposed...

The study aims to investigate how relying on short-term debt may help Chinese listed firms to make efficient investment decisions and reduce overinvestment problem for low-growth firms. The study uses a large set of panel data of non-financial Chinese listed firms over the period 2007–2017...