The purpose of this paper is examining the impact of financial leverage as a mediation variable on the relationship between ownership concentration and financial corporate performance. To test the hypotheses, multiple regression analysis is used. The statistical population of this research is all listed companies in Tehran Stock Exchange. However, data were available only for 60 companies durin...

This study was conducted to obtain empirical evidence on the effect of profitability, liquidity, leverage, and COVID-19 pandemic financial distress. refers object research in form cyclical consumer sector companies listed Indonesian stock exchange from 2018 2020. The sample used this amounted 35 with predetermined criteria. analytical method is multiple linear regression analysis using SPSS ver...

The recent plunge in U.S. home prices left many households that had borrowed voraciously during the credit boom highly leveraged, meaning that they had very high levels of debt relative to the value of their assets. Analysts often assert that this “debt overhang” created a need for household deleveraging that, in turn, has been depressing consumer spending and impeding the economic recovery. Th...

Leverage offers not only its own directional implications for both risk and reward, but also facilitate superior tests of risk-reward theories: Leverage can change with and without corporate intervention, and even discontinuously so. The evidence suggests that leverage not only lowers average rates of return (Fama and French (1992)), but also raises volatility. Changes in leverage work even bet...

The leverage and debt maturity choices of real estate companies are interdependent, and are not made separately as is often assumed in the literature. We use three-stage least squares (3SLS) regression analysis to explore this interdependence for a sample of listed U.S. real estate companies and Real Estate Investment Trusts (REITs) traded between 1973 and 2006.We find substantial differences i...

Due to the fact that assets are recorded at their historical value and they may include unrealized gains (losses), managers may manipulate earnings through the sale of these assets and provide financial information which is not accurate and reliable. The aim of this study is to investigate the relationship between income from asset sales, earnings change and leverage of companies listed on Tehr...