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reports results for leverage regressions comparing U.S. firms to those in other countries, either the full sample or the sub-sample of firms in OECD countries, using the executory contracts measures normalized by assets and revenue, respectively. All coefficients are positive and significant, suggesting that U.S. firms in industries which tend to use executory contracts more, have higher leverage (compared to industries

reports results for leverage regressions comparing U.S. firms to those in other countries, either the full sample or the sub-sample of firms in OECD countries, using the executory contracts measures normalized by assets and revenue, respectively. All coefficients are positive and significant, suggesting that U.S. firms in industries which tend to use executory contracts more, have higher leverage (compared to industries

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