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 …

This paper investigates the determinants of cash holdings for a comprehensive sample of
Swiss non-financial firms between 1995 and 2004. The median Swiss firm holds almost …

This paper examines why some firms have no debt in their capital structures despite the
potential benefits of debt financing. It adds new insights to this zero-leverage phenomenon …

Abstract The Union of European Football Associations (UEFA) has become an industry in
recent decades that has attracted many investors. The UEFA issued a Financial Fair Play …

Partindo do pressuposto que as empresas consideram a importância da informação
financeira e ponderam o impacto das políticas contabilísticas, este estudo tem um …

Purpose This study examines the effect of business group affiliations on corporate cash
holdings and how political connectedness modifies the relationship between business …

Purpose The purpose of this paper is to provide new insights into the low-leverage
phenomenon by analyzing the dynamics of firms' financing policies. The authors explore …

This paper presents first-time evidence on 'channel-based'firm corruption in the US,
spanning the period 2000–2010. By employing conviction, type of bribery, ethnicity firm-level …

A OPÇÃO PELO “JUSTO VALOR” COMO MÉTODO DE AVALIAÇÃO DE ACTIVOS NA ADOPÇÃO
DAS IAS/IFRS EM PORTUGAL Uma Análise Exp Page 1 A OPÇÃO PELO “JUSTO VALOR” …

This paper investigates the link between the optimal level of non-financial firms' liquid assets
and industry-level uncertainty. We develop a structural model of a firm's value maximization …