Concepedia

Leverage Choice

Leverage Choice is a theoretical construct in capital structure theory that specifies the firm's strategic decision regarding the proportion of debt in its financing mix, distinguishing it from alternative financing policies by its focus on optimizing the trade-off between tax benefits and financial distress costs.

825

Publications

67.2K

Citations

1.5K

Authors

855

Institutions

Publications per year

2017–2026

214

Parents

Publications

825

Capital Structure Decisions: Which Factors Are Reliably Important?

Murray Z. Frank, Vidhan K. Goyal · Financial Management · 2009 · 2.7K citations · Full text

, , +14

Managerial Entrenchment and Capital Structure Decisions

Philip G. Berger, Eli Ofek, David Yermack · The Journal of Finance · 1997 · 1.6K citations

, , +17

Dynamic Capital Structure Choice: Theory and Tests

Edwin O. Fischer, Robert Heinkel, Josef Zechner · The Journal of Finance · 1989 · 1.6K citations

, , +17

Does the Source of Capital Affect Capital Structure?

Michael W. Faulkender, Mitchell A. Petersen · Review of Financial Studies · 2005 · 1.4K citations

, , +17

Do Firms Rebalance Their Capital Structures?

Mark T. Leary, Michael R. Roberts · The Journal of Finance · 2005 · 1.4K citations · Full text

, , +17

1–5 of 825

Authors

1.5K

  1. EM
    Erwan Morellec

    Swiss Finance Institute, Switzerland

    9 publications · 1.1K citations

    9

    h-index

  2. JZ
    Josef Zechner

    Vienna University of Economics and Business, Austria

    7 publications · 2.1K citations

    7

    h-index

  3. VV
    Viral V. Acharya

    New York University, United States

    6 publications · 135 citations

    6

    h-index

  4. MJ
    Mark J. Flannery

    University of Florida, United States

    5 publications · 253 citations

    5

    h-index

  5. HA
    Heitor Almeida

    University of Illinois Urbana-Champaign, United States

    5 publications · 507 citations

    5

    h-index

1–5 of 1.5K

Institutions

855

  1. National Bureau of Economic Research

    Cambridge, United States

    30 h-index

    65 publications

    5.5K citations

  2. European Corporate Governance Institute

    Brussels, Belgium

    19 h-index

    30 publications

    1.6K citations

  3. University of Chicago

    Chicago, United States

    14 h-index

    18 publications

    2.1K citations

  4. Centre for Economic Policy Research

    London, United Kingdom

    14 h-index

    19 publications

    1K citations

  5. New York University

    New York, United States

    12 h-index

    19 publications

    1.8K citations

  6. Swiss Finance Institute

    Zurich, Switzerland

    11 h-index

    17 publications

    2K citations

  7. University of Hong Kong

    Pok Fu Lam, Hong Kong

    11 h-index

    15 publications

    4.5K citations

  8. Duke University

    Durham, United States

    10 h-index

    19 publications

    4.6K citations

1–8 of 855

Venues

  1. SSRN Electronic Journal

    Repository · 138 publications · 8.4K citations

    46

    h-index

  2. The Journal of Finance

    26 publications · 12K citations

    24

    h-index

  3. Journal of Financial and Quantitative Analysis

    JFQA · 21 publications · 3K citations

    18

    h-index

  4. Journal of Financial Economics

    16 publications · 4.1K citations

    16

    h-index

  5. Financial Management

    FM · 13 publications · 3.8K citations

    13

    h-index

1–5