There is no doubt that access to finance is of crucial importance for the ongoing and
sustainable growth and profitability of small and medium enterprises sector (SMEs) through …

This article provides an overview of the rapidly growing entrepreneurial finance literature.
The studies reviewed in the article focus on four primary areas of inquiry:(i) alternative …

The evolution of green financing is essential for emerging markets to facilitate sustainable
development. The banking channels can provide the necessary funds that can foster the …

We find that firms headquartered in US counties with higher levels of social capital incur
lower bank loan spreads. This finding is robust to using organ donation as an alternative …

We find that firms with greater tax avoidance incur higher spreads when obtaining bank
loans. This finding is robust in a battery of sensitivity analyses and in two quasi-experimental …

Financial constraints are fundamental to empirical research in finance and economics. We
propose two tests to evaluate how well measures of financial constraints actually capture …

This research is aimed to investigate the determinants of financial distress of insurance
companies in Ethiopia using balanced panel data from eleven insurance companies for the …

Using staggered corporate income tax changes across US states, we show that taxes have a
first-order effect on capital structure. Firms increase leverage by around 40 basis points for …

Larger offices of Big 4 auditors are predicted to have higher quality audits for SEC
registrants due to greater in‐house experience in administering such audits. We test this …

Prior work on leverage implicitly assumes capital availability depends solely on firm
characteristics. However, market frictions that make capital structure relevant may also be …