CEO's Culture and Firms' Leverage Decisions
European Financial Management, EarlyView.ABSTRACT Debt mitigates agency problems between managers and stockholders by reducing free cashflows; yet, why managers voluntarily adopt debt discipline remains unclear. This paper examines how chief executive officers' (CEOs') managerial traits, shaped by national culture, influence leverage decisions.
Supun Chandrasena +4 more
wiley +1 more source
Digital financial inclusion and comprehensive multilevel medical insurance system in China. [PDF]
Front Public HealthLiu Z +6 more
europepmc +1 more source
Unintended Consequences of ‘The Plan for Growth’: Earnings Management in the United Kingdom
European Financial Management, EarlyView.ABSTRACT Using public UK firm data for 2006–2015, I examine whether a government policy can unintentionally promote earnings management. The Plan for Growth 2011 aims to reduce the overall burden of regulation on businesses to help them grow faster. Motivated by such higher growth expectations, opportunistic executives can manage earnings to hit those ...
Onur Kemal Tosun
wiley +1 more source
Green natural capital, the environmental Kuznets curve and development financing in the Global South. [PDF]
iScienceWang Y, Xu Y.
europepmc +1 more source
Effects of Bank Capital and Lending on Leverage, Risk, and Growth of Nonfinancial Firms
Financial Management, EarlyView.ABSTRACT This paper examines the impact of bank capital on the capital structure of nonfinancial firms, focusing on lenders and commercial borrowers from 2000 to 2019. We find a positive relationship between firm leverage and bank capital, with lending serving as a key channel for this effect.
Lindsay Baran +2 more
wiley +1 more source
The Function of Green Finance Initiative in Maintaining Ocean Health: Novel Findings From an International Database. [PDF]
Environ Health InsightsHa LT.
europepmc +1 more source
Firm political risk and corporate social responsibility
Financial Review, Volume 60, Issue 2, Page 573-599, May 2025.Abstract We explore the impact of political risk on firms' corporate social responsibility (CSR) and find a negative effect, especially on CSR strengths. Firms facing higher political risk tend to prioritize compliance‐driven CSR concerns over proactive CSR initiatives.
Shuhui Wang
wiley +1 more source
Chronological approach to the characteristics of Ecuador's debt with the IMF and the WB. [PDF]
F1000ResRomero Flores ML +3 more
europepmc +1 more source
LAST BUT NOT LEAST: LAGGARD FIRMS, TECHNOLOGY DIFFUSION, AND ITS STRUCTURAL AND POLICY DETERMINANTS
International Economic Review, Volume 66, Issue 2, Page 595-627, May 2025.Abstract Using a unique microaggregated data set on firm‐level productivity in 13 countries from 1995 to 2014, this article provides new evidence on technology‐ and knowledge‐diffusion barriers for laggard firms. We show that, although the least productive firms benefit from a catch‐up effect, their speed of catchup is lower in digital‐ and skill ...
Giuseppe Berlingieri +3 more
wiley +1 more source