... accounted for the capital structure decisions and corporate performance of G-20 firms. Originality/value This study instigates observed phenomenon elicited from capital structure theory by applying analytical method, instead of describing them in terms of administrative selection, taking measure...

... the agency conflict between creditors and managers and between shareholders and managers. Originality/value To the best of the author’s knowledge, this is the first study which investigates the impact of capital structure on profitability of the listed firms in China. Among the emerging markets...

... diversification. Originality/value – A major issue in corporate finance is the identification of variables that influence corporate capital structure choices. The evidence presented in this paper reveals that more conservative financial reporting is associated with a higher degree of financial leverage...