...Sadok El Ghoul; Omrane Guedhami; Huan Kuang; Ying Zheng This work adds to climate finance research by studying stakeholder reactions to climate change exposure in the context of capital structure and product market interactions. We use a sample of 2,547 U.S. firms from 2004 to 2020, and find...

...Tugba Bas; Yaz Gulnur Muradoglu; Kate Phylaktis This study uses firm level survey data to assess whether the capital structure theory is portable to small firms in developing countries and whether family ownership and management play a role in their financing decisions. Using a sample of firms from...

...John F. Zhang This paper examines whether and how cultural diversity within multinational firms affects their capital structures. The resultshows that the higher thecultural diversity, the lower the leverageratio. The negative relation between cultural diversity and the leverage ratio holds after...

...Allen N. Berger; Sadok El Ghoul; Omrane Guedhami; Jiarui Guo We contribute to the corporate capital structure and bank specialness literatures by studying the effects of bank debt on corporate value. We apply novel methodology to almost 60,000 firms in 110 countries over 17 years – over 300,000...