We investigate the effect of enterprise risk management (ERM) on corporate risk
management. We focus our analysis on US publicly traded insurance companies between …

This article reviews the most pertinent literature on the sources and uses of equity capital in
the US property-casualty (PC) insurance industry. PC insurers serve risk management and …

Focusing on the toughest-ever environmental policy in China, this paper investigates the
causal evidence of how environmental regulations influence listed firms' capital structure …

We examine the impact of the media on firms' leverage adjustments. Using a comprehensive
sample of global news across 33 countries, we find that greater news coverage and more …

A business group operation, as a strategic organizational form, is critical for corporate
development. However, how business groups allocate their debt between parent and …

Employing a large sample of 7246 firms across 38 economies from 2000 to 2013, we show a
positive relation between foreign institutional ownership (FIO) and firms' speed of leverage …

This study explores the role of bank connections as an important informal institution in debt
contracting. Drawing on a sample of Chinese listed firms from 2004 to 2012, we find that …

The movement of capital within insurance groups is important for understanding insolvency
risk management, as well as regulatory policies regarding capital standards and group …

As financial markets become more global, the question arises whether any country specific
considerations are still relevant for insurance companies' capital structure. This research …

From the perspective of internal capital markets, we investigate the causes of zombie firms
and propose possible governance measures. Based on Chinese A-share listed firms, we …