Our setting is dividend recapitalizations in private equity (PE), where portfolio companies take on new debt to pay investor returns. After accounting for positive selection into more debt, we show ...
The majority of U.S. equities indices tumbled on the first trading day of this month, with investors worrying over Trump’s recent tariff imposition. It is feared to affect profitability of a large ...
The conclusion of these negotiations has resulted in a decrease in the company's financial leverage. Measured by a net debt to EBITDA ratio, this leverage has dropped to 3.4 times from a previous ...