Corporate Governance and Capital Structure Dynamics

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Corporate Governance and the Dynamics of Capital Structure: New Evidence (2014, positive): “In contrast, Morellec et al.’s (2012) do not consider the impact of take-over threats from outsiders or deviations from the target leverage levels when examining the relationship between the adjustment speed of capital structure and corporate governance quality.”
Bank Capital, Liquid Reserves, and Insolvency Risk (2017, positive): “…and the target buffer set by bank shareholders, the debt ratio of the bank effectively remains between two bands as in the dynamic capital structure models of Fischer, Heinkel, and Zechner (1989), Hackbarth, Miao, and Morellec (2006), Strebulaev (2007), and Morellec, Nikolov, and Schürhoff (2012).”
Moderating effects of corporate governance mechanism on the relation between capital structure and firm performance (2021, background): “Debt financing can solve agency problems by reducing free cash flow and increasing the likelihood of bankruptcy risk (Morellec et al., 2012); in other words, commitment to fulfil the principle of debt and reduce free cash flow for activities that are not optimal.”
Corporate governance and the profitability of insider trading (2016, neutral): “RiskMetrics RiskMetrics Laksmana (2008), Hoitash et al. (2009), Li and Srinivasan (2011), Chen et al. (2012), Chhaochhaia et al. (2012), Hazarikaet al. (2012), Masulis et al. (2012), Morellec et al. (2012), and Wintoki et al. (2012).”