This survey provides a synthesis of the empirical capital structure literature. Our synthesis is
divided into three parts. The first part examines the evidence that relates to the cross …

This paper investigates the factors affecting the financial performance of the Jordanian
manufacturing industrial firms. Secondary data has been collected from the Amman stock …

This paper studies the relation between corporate liquidity and diversification. The key
finding is that multidivision firms hold significantly less cash than stand‐alone firms because …

We study a model in which future financing constraints lead firms to have a preference for
investments with shorter payback periods, investments with less risk, and investments that …

This study examines the relations between leverage and investment in China's listed firms,
where corporate debt is principally provided by state-owned banks. We obtain three major …

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 …

To examine the effect of foreign direct investment, this paper compares the post-acquisition
performance changes of foreign-and domestic-acquired firms in China. Unlike previous …

We document a significant and negative effect of the change in a firm's leverage ratio on its
stock prices. We find that the negative effect is stronger for firms that have higher leverage …

This paper investigates whether functional diversification is value-enhancing or value-
destroying in the financial services sector, broadly defined. Based on a US dataset …

In this paper, we examine the potential interactions of corporate financing and investment
decisions in the presence of incentive problems. We develop a system‐based approach to …