---
title: Firm Leverage
url: https://www.ml-quant.com/papers/ssrn/4994384/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4994384
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4994384
featured: 2024-10-23
citations: unknown
topic: Corporate Finance
---


# Firm Leverage

A study finds that low-leverage firms reduce investment more than high-leverage firms when government debt increases, due to higher taxation weakening their cash flows.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4994384
- Identifier: SSRN 4994384
- Released: 2024-10-21
- First featured: Quant Letter No. 71 (2024-10-23): https://www.ml-quant.com/issues/2024-10-23/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Corporate Finance

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