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

Since its publication, the seminal structural model of default by has become the workhorse
for gaining insights about how firms choose their capital structure, a “bread and butter” topic …

This paper presents the initial evidence regarding the relationship between audit quality,
debt financing, and earnings management in Jordan. The study used the cross-sectional …

The effects of government R&D subsidies can vary across recipient firms, depending on the
various characteristics of a firm, potentially including the firm's accounting information quality …

Los países emergentes en los últimos años están obteniendo tasas de crecimiento muy
superiores a la de los países desarrollados, y ocupan los primeros puestos a nivel mundial …

We find that firms mitigate refinancing risk by increasing their cash holdings and saving cash
from cash flows. The maturity of firms' long‐term debt has shortened markedly, and this …

We investigate whether short-termism distorts the investment decisions of stock market-listed
firms. To do so, we compare the investment behavior of observably similar public and private …

We identify a specific channel (debt covenants) and the corresponding mechanism (transfer
of control rights) through which financing frictions impact corporate investment. Using a …

Public firms provide a large amount of information through their disclosures. In addition,
information intermediaries publicly analyze, discuss, and disseminate these disclosures …

This paper is the first to study the effect of financial restatement on bank loan contracting.
Compared with loans initiated before restatement, loans initiated after restatement have …