... financial stability and reduce interest payment risk. Design/methodology/approach The authors analyze a balanced panel of 255 non-financial S&P 500 firms from 2019 to 2024. The authors estimate a dynamic interest coverage ratio ( ICR ) model via the two-step system GMM estimator to handle...

... estimation procedures are no longer consistent with dynamic panel and report biased coefficients (Kiviet, 1995). To mitigate endogeneity problems and to control for specific individual and temporal effects, we use the system generalized method of moments (System GMM, hereafter) estimator (Blundell and Bond...

... Sustainable disclosure Corruption perception Corporate performance Developed economies Emerging economies System GMM In recent decades, there has been a growing focus in corporate finance literature on the relationship between corporate disclosures and firm value. Increased disclosure levels...