While the relationship between ESG disclosures and firm risk has been researched
substantially, the results remain inconclusive, and contradictory, as of 2023. Through meta …

This study aggregates the mixed empirical evidence of the seven most commonly
investigated determinants of corporate capital structure. We apply meta-regression analysis …

Based on the data from Chinese listed companies of Shanghai and Shenzhen stock markets
between 2005 and 2016, we systematically examine the relationship between cash flow …

Leverage cross‐sections more than a few years apart differ markedly, with similarities
evaporating as the time between them lengthens. Many firms have high and low leverage at …

We analyze how increased access to financing affects firm total factor productivity (TFP) by
exploiting a natural experiment following interstate banking deregulations that increased …

Research background: The global COVID-19 pandemic created an unprecedented
challenge not only for employees' well-being, but also for the nature of their work, as …

I provide an overview of the topics covered in this Special Issue of the Journal of Corporate
Finance on “Financial Flexibility and Corporate Liquidity.” This burgeoning literature …

We document, for the first time, that a conservative leverage policy directed at maintaining
financial flexibility can enhance investment ability. Our analysis reveals that following a …

We draw on a comprehensive set of data of all registered firms in Thailand to examine
whether firm size affects the relation between leverage and operating performance during …

We study the interaction between financing and investment decisions in a dynamic model,
where the firm has multiple debt issues and equityholders choose the timing of investment …