... M41 Financial leverage Board gender diversity ASU 2016–02 Operating leases Debt financing We also contribute to capital structure research by demonstrating the importance of incorporating lease financing, which is an important but often overlooked source of external financing...

... financing, leading to high financial leverage. High leverage adversely affects firm performance as it is associated with increased financial distress risk, excessive monitoring and reduced managerial flexibilities in investment and strategic decisions (Myers, 1977 ; Danso et al., 2021...

...Vu Hiep Hoang Purpose This study aims to investigate the institutional, macroeconomic and firm-specific determinants of financial leverage in Vietnam and provides new evidence from the dynamic panel fractional estimator. Design/methodology/approach This study uses a panel dataset of 859...

...-based IC affects financial leverage. Design/methodology/approach Employer–employee unbalanced panel data provided by Statistics Finland that refer to Finnish small and medium-sized enterprises (SMEs) are used. Intangibles are measured with an expenditure-based method. Employee-based IC...

...Khaled Elkhal Purpose The purpose of this paper is to examine the nature of the relationship between business risk and financial leverage. While past theoretical and empirical studies on this topic use similar variables, overall, their findings are inconclusive. In this paper, the author contends...

... Financial leverage Agency cost The purpose of the current paper is to investigate whether the relationship between capital structure and firm performance in small- and medium-size enterprises (SMEs) is moderated by credit risk. The previous literature suggests that SMEs play an important role...

...-use rights only Corporate finance Financial leverage Firm valuation Interest tax deductions Interest tax shields (3) X T = X ( 1 − T c ) ( 1 − T p s ) + r D ( 1 − T p b ) [ 1 − ( 1 − T c ) ( 1 − T...

... for DOL is simply: © Emerald Group Publishing Limited 2014 Real options Financial leverage Operating leverage DOL Expected operating profit-risk efficiency analysis Outsourcing Elasticity of demand Production costs may be divided into variable costs, which vary with production...