This study aims to examine the effect of financial ratios profitability, liquidity, leverage and agency costs on distress. The tested are leverage, cost ratios. type research is casuality data used secondary data, population this retail companies listed IDX for 2018-2020 period, sampling technique was carried out with purposive techniques, based criteria obtained a sample 13 companies, analysis...

Purpose This paper aims to examine the impact of ownership concentration on Covid-19 disclosure in narrative sections corporate annual reports. It also explores mediating role leverage concentration–Covid-19 relationship. Design/methodology/approach uses automated textual analysis measure applies different regression models test research hypotheses and address endogeneity problem. univariate mu...

investing in stock markets usually is involved in more risks than the bounds and bank deposits. it is expected that resulting returns (capital gain plus yields) from trading in a stock market to be more than those of in a risk free investment. therefore, developing accurate techniques of estimation and forecasting in volatility analysis of financial markets is inevitable. sum squares of weekly ...

The study intends to find empirical evidence that shows the effect of economic value added, leverage, and liquidity on stock prices in manufacturing industry registered Indonesia Stock Exchange period 2018 2020. was conducted by taking 71 samples using technique purposive sampling. From results partial t-statistical test, it proved leverage (DAR) (CR) had positive significant influences towards...

We examine the relation between firms’ financial structures and their risky investment strategies in Taiwan’s banking industry. Regressions cover two subperiods: before the first financial reform (1996– 2000) and after the first financial reform (2001–2006), to address the impacts of the first financial reform on banking firms’ financial structures. Our first result demonstrates that the restri...

Purpose Recognizing the severity of COVID-19 on US economy, authors investigate behavior US-listed firms towards leverage speed adjustment (SOA) during pandemic. While prior evidence (based an international study) shows that firm increased pandemic leading to a higher SOA toward ratios, for same period reduced drastically. Yet there is dearth empirical studies firms' The fill this void. Design/...

We analyze equilibrium leverage dynamics in a dynamic tradeoff model when the firm is unable to commit to a leverage policy ex ante. We develop a methodology to characterize equilibrium equity and debt prices in a general jump-diffusion framework, and apply our approach to the standard Leland (1998) setting. Absent commitment, the leverage ratchet effect (Admati et al. 2015) causes firms to tak...