An important piece of the capital structure puzzle has been missing, and it is not a
contracting friction. It is recognition that managers do not have sufficient knowledge to …

El propósito de este estudio es verificar si los gerentes de los sectores agropecuario,
transporte y almacenamiento, turismo y alimentación de Colombia siguen una jerarquía de …

The recent development of Fintech has greatly changed the operation and loan
management of commercial banks, which has had a significant impact on firm financing and …

This paper explores the effect of FinTech credit on firms' cost of capital and capital structure.
Based on a sample of 3,491 non-financial firms operating in 38 OECD countries during the …

Corporate leverage is an indicator of economic health, and this topic has attracted a great
deal of attention since the international financial crisis of 2008. This paper constructs a …

Purpose The authors examine how the major board reforms recently implemented by
countries around the world affect firms' choice of debt. Design/methodology/approach Using …

This study examines the empirical relationship between the different leverage levels as a
proxy of financing mix on the financial performance of the non-financial firms listed on capital …

This study investigates the relationship between capital structure deviation and reinsurance
use. Prior studies on capital structures and hedging focus on how actual leverage is related …

The influence of oil price uncertainty on the rate at which enterprises modify their capital
structure has received insufficient attention in the related strand of literature. Using a large …

This study analyzes the influence of the institutional environment on firms' capital structure in
the European Union (EU). Unlike other research, we focus on private firms and include data …