In this study, we examine the effect of environmental, social, and governance (ESG)
performance, firms, industry, macroeconomics, and financial determinants on corporate …

We study the impact of the COVID-19 recession on capital structure of publicly listed US
firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points …

The capital structure appears to be one of the most researched and the most controversial
areas in modern corporate finance. Prior literature on determinants of capital structure has …

This study explored the potential links between Chinese industrial policy and cross-border
mergers and acquisitions by Chinese firms from 2009 to 2019. Based on describing China's …

In recent years, as China experiences economic expansion and its corporations become
more global, it has notably become a central hub for cross-border mergers and acquisitions …

Competitive threats motivate firms to use convertible debt because the possibility of future
conversion enhances financial flexibility. Consistent with this intuition, we find that the …

Struktura kapitału od wielu lat stanowi jeden z najważniejszych problemów badawczych.
Jest tak m. in. dlatego, że ustalenie sposobu finansowania działalności należy do naj …

We exploit many discontinuities related to the full deductibility of interest payments triggered
by the introduction of EBITDA-based interest ceiling rules globally to provide evidence that …

Our study analyzes whether economic policy uncertainty influences firms' mergers and
acquisition (M&A) in Korea. Employing economic policy uncertainty proxies proposed by …

We exploit the US grant of Permanent Normal Trade Relations (PNTR) status to China as a
quasi-policy shock to corporate demand for targets with China-related business experience …