Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Do Shareholder Leverage Constraints Affect Debtholders?
Xiaoran Huang, Massimo Massa, and Lei Zhang ♦ We examine the relationship between shareholder leverage constraints and corporate risk-taking, focusing on its impact on debtholders. Our findings show that mutual fund leverage constraints are related to more risk-taking activities of…
