A home is the single largest purchase that most households make, and it is one that usually requires some debt financing. Because housing debt is such a large component of households’ balance sheets, it is important to understand the financing decision. In this paper, we use household level data from the HILDA survey to relate households’ leverage to their observed characteristics using both gr...

The purpose of this study was to determine the effect leverage and cash flow on financial performance. research method used in is using quantitative methods with descriptive associative approaches. population sample are statements 23 trading companies manufacturing sector listed Indonesia Stock Exchange for 2015-2020 period. This technique uses classical assumption test, multiple linear regress...

This paper quantifies the aggregate effects of financing constraints. We start from a standard dynamic investment model with collateral In contrast to existing quantitative literature, our estimation does not target mean leverage ratio identify scope frictions. Instead, we use reduced-form coefficient recent corporate finance literature that connects exogenous debt capacity shocks investment. R...