...Habiba Ladhari; Faten Lakhal; Mhamed Ben Slimane Purpose The purpose of this paper is to investigate the relationship between tax avoidance and the cost of debt and the moderating roles of financial constraints and information asymmetry. It also examines a potential nonlinear effect of tax...

... re-use rights only Financial constraints Catering theory Corporate investment sensitivity Equity market misvaluation Market timing theory Investor horizon Jensen’ alpha G01 G14 G34 G41 Stock prices are observable and are the most widely used measure to judge...

...Justin Jin; Yi Liu; Zehua Zhang; Ran Zhao Purpose The purpose of this paper is to investigate whether and how banks’ financial constraints affect their cash tax avoidance. The authors hypothesize that banks engage in more tax planning to generate additional cash to mitigate their financial...

... levels of debt aversion: financial constraints, financial flexibility and financial distress. Design/methodology/approach The authors apply a multilevel mixed-effects model to a panel data sample of 9,005 US listed firms during 1987-2014. To use a multinomial ordered logit model, the authors break...

...Tae-Nyun Kim Purpose – This paper aims to propose several factors which can explain the negative relationship between financial constraints and investment-cash flow sensitivity. Design/methodology/approach – The author uses traditional fixed effects model and minimum distance panel...