This article reviews empirical capital structure research, concentrating on papers published
since 2005. We begin by documenting three dimensions of capital structure variation: cross …

This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …

We evaluate the connection between corporate characteristics and the reaction of stock
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …

This paper uses surveys to document CFO perspectives on corporate planning, investment,
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …

Data on firm-loan-level daily credit line drawdowns in the United States expose a corporate
“dash for cash” induced by the COVID-19 pandemic. In the first phase of the crisis, which …

We use supervisory loan-level data to document that small firms (SMEs) obtain shorter
maturity credit lines than large firms, post more collateral, have higher utilization rates, and …

Corporate social responsibility is the balance between a firm's economic outcomes and
environmental protection. However, investors face increasing difficulties in selecting assets …

Aggregate US bank lending to firms expands following several adverse macroeconomic
shocks, such as the outbreak of COVID-19 or a monetary policy tightening. Using loan-level …

In recent years, corporate green innovation has become a hot topic in society and academia,
but the relationship between green innovation and financing conditions is less frequently …

This research examines the relation between government economic policy uncertainty and
firm cash holdings. We find evidence that policy uncertainty is positively related to firm cash …