The impact of corporate debt on long term investment and firm performance

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From Finance to Marketing: The Impact of Financial Leverage on Customer Satisfaction (2015, background): “For example, more leveraged firms tend to invest less in advertising and research and development (R&D) (Grullon, Kanatas, and Kumar 2006; Singh and Faircloth 2005), hire more part-time employees and pay lower wages (Hanka 1998), and have inferior product and service quality (Maksimovic and Titman…”
The Importance of Equity Finance for R&D Activity - are There Differences between Young and Old Companies? (2006, unknown): “Singh and Faircloth (2005) document for their sample of large, listed US companies a negative influence of leverage on R&D intensity.”
Do Leverage, Dividend Payout, and Ownership Concentration Influence Firms' Value Creation? An Analysis of Brazilian Firms (2010, background): “The overinvestment view applies when the firm has no growth opportunities and is closely related to free cash flow (Jensen 1986, 1993; Lang et al. 1996; McConnell and Servaes 1995; Singh and Faircloth 2005; Smith and Watts 1992).”
Financing constraints and investments in R&D: Evidence from Indian manufacturing firms (2015, unknown): “Among the factors taken into account, financial factors have been highlighted as the crucial drivers of R&D (Hall, 1992; Bhagat and Welch, 1995; Singh and Faircloth, 2005; Bond, Harhoff and Van Reenen, 2006).”