arbiter
JournalsAccount

Firm‐Level Financing Strategies and Environmental Risk: Global Evidence

Anup Chowdhury et al.

European Financial Management2026https://doi.org/10.1111/eufm.70055article
AJG 3ABDC A
Weight
0.50

Abstract

Debt capital is an essential component of external financing; it is frequently dynamic in response to economic conditions and uncertainty. This study examines how environmental risks (ERs) affect capital structure for an international sample of companies in 47 countries from 2002 to 2020. The study identified ERs as a significant determinant of capital structure, and their effect on capital structure decisions varies. High ER exposure reduces debt utilisation, particularly long‐term debt, while increasing short‐term debt utilisation. A robust ER management profile could help mitigate the effects of ER while maintaining access to the debt capital market within borrowing boundaries.

Open via your library →

Cite this paper

https://doi.org/https://doi.org/10.1111/eufm.70055

Or copy a formatted citation

@article{anup2026,
  title        = {{Firm‐Level Financing Strategies and Environmental Risk: Global Evidence}},
  author       = {Anup Chowdhury et al.},
  journal      = {European Financial Management},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/eufm.70055},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Firm‐Level Financing Strategies and Environmental Risk: Global Evidence

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.