The present study empirically analyses the association between board of directors'
composition and capital structure. Particularly, the fraction of independent directors on the …

We study the impact of higher capital requirements on banks' balance sheets and their
transmission to the real economy. The 2011 EBA capital exercise is an almost ideal quasi …

This paper investigates the impact of a firm's annual report readability and ambiguous tone
on its borrowing costs. We find that firms with larger 10-K file sizes and a higher proportion of …

This paper examines how uncertainty affects corporate investment under varying degrees of
asset redeployability. We develop new measures of asset redeployability by accounting for …

We survey the properties of commercial real estate (CRE) as an asset class. We first
illustrate its importance relative to the US economy and to other asset classes. We then …

A substantial and increasing proportion of corporate assets consists of intangible assets.
Despite their growing importance, internally-generated intangible assets are largely absent …

We use nearly 500 shifts in statutory corporate and personal income tax rates as natural
experiments to assess the effect of corporate and personal taxes on capital structure. We …

The increasing societal focus on environmental issues leads to important questions about
the relationship between corporate environmental (ESG) performance and firms' cost of …

We demonstrate the central importance of creditors' ability to use movable assets as
collateral (as distinct from immovable real estate) when borrowing from banks. Using a …

Abstract Recent reforms across Eastern European countries have given more flexibility and
information to parties to engage in secured debt transactions. The menu of assets legally …