摘要：The main purpose of this study is to examine whether the board of directors and chief executive officers’ (CEO) characteristics affect the leverage. A data set comprising 783 observations of Jordanian firms listed on the Amman Stock Exchange (ASE) was selected, from 2011 to 2019. The empirical analysis was based on a random-effect generalized least square (GLS) regression model. The empirical results show that managerial ownership, CEO education, and CEO experience positively influences leverage, while board independence and profitability have a negative association with leverage. Further, board independence has no direct effect on leverage in Jordan. This study also paves the way for further investigations on leverage in the context of other nations that are also facing a dearth of research in this study area. Additionally, there is a prevailing need for developing countries to demonstrate improved compliance with international governance standards.
