【精品文档】242关于企业公司并购合并财务杠杆有关 的外文文献翻译成品：与公司并购相关的财务杠杆变化（中英文双语对照）1

《【精品文档】242关于企业公司并购合并财务杠杆有关 的外文文献翻译成品：与公司并购相关的财务杠杆变化（中英文双语对照）1》由会员分享，可在线阅读，更多相关《【精品文档】242关于企业公司并购合并财务杠杆有关 的外文文献翻译成品：与公司并购相关的财务杠杆变化（中英文双语对照）1（28页珍藏版）》请在毕设资料网上搜索。

1、此文档是毕业设计外文翻译成品（ 含英文原文+中文翻译） ，无需调整复杂的格 式！下载之后直接可用，方便快捷！本文价格不贵,也就几十块钱！一辈子也就 一次的事！ 外文标题：Financial leverage changes associated with corporate mergers 外文作者：Aloke Ghosh , Prem C. Jain 文献出处: Journal of Corporate Finance 6 (2018) 377402 (如觉得年份太 老，可改为近 2 年，毕竟很多毕业生都这样做) 英文 5958 单词，38321 字符(字符就是印刷符)，中文 9630 汉字

2、。 Financial leverage changes associated with corporate mergers Abstract： We empirically examine whether firms increase financial leverage following mergers. Firms could increase financial leverage either because of an increase in debt capacity or because of unused debt capacity from pre-merger years

3、. We find that financial leverage of combined firms increases significantly following mergers. A cross-sectional analysis shows that the change in financial leverage around mergers is significantly positively correlated with the announcement period market-adjusted returns. Further tests indicate tha

4、t the increase in financial leverage is an outcome of an increase in debt capacity, although there is weak evidence that some of the increase in financial leverage is a result of past unused debt capacity. Keywords: Mergers; Financial leverage; Debt capacity 1.Introduction This paper empirically examines whether merging firms increase their financial leverage following mergers. An increase in financial leverage could arise due to two potential reasons which are not mutually exclusive:（1）an in