Leverage deviation from the target debt ratio and leasing

We find a negative association between the leverage deviation and leasing intensity, implying that firms actively use leasing as a source of financing when faced with a leverage deviation. This negative relation is more pronounced for firms that are underleveraged, are financially constrained, and h...

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Veröffentlicht in:Accounting and finance (Parkville) 2021-06, Vol.61 (2), p.3481-3515
Hauptverfasser: Chowdhury, Hasibul, Rahman, Shofiqur, Sankaran, Harikumar
Format: Artikel
Sprache:eng
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