Earnings dynamics are much richer than typically assumed in macro models with
heterogeneous agents. This holds for individual-pre-tax and household-post-tax earnings …

Past literature has documented clear trends in the leverage ratio and other capital structure
choices made by US firms. We expand this line of research by showing that aggregate …

В работе определяются теоретические аспекты оптимизации структуры капитала,
рассматриваются и анализируются выводы существующих теорий структуры капитала …

Objetivo: Identificar variáveis determinantes da estrutura de capital de empresas em geral
(tanto de capital aberto quanto fechado) bem como desenvolver modelos econométricos …

SMEs' contributions to economic development both in developing and developed countries
have been well documented in the economic literature. SMEs have been acknowledged as …

We analyze misallocation of capital in a model where firms face different types of financial
constraints. Private firms borrow subject to a collateral constraint while public firms issue …

The renewable energy transition depends heavily on capital structure decisions of energy
firms. Most previous research has focused on the decisions of oil companies. This study …

This paper investigates the effect of firm and country factors on firms' leverage within the
context of the Pecking Order and Trade Off theories. We use the fixed effects model over 15 …

The business cycle dynamics of firms' debt maturity vary across the firm size distribution.
Small and medium-sized firms have a more pro-cyclical debt maturity than large firms. This …

Theoretical contributions/Originality: This study expands on previous work done on indirect
effects of sectorial and industry level factors on the relationship between leverage and firm's …