Results 151 to 160 of about 6,536 (198)

Precision-Controlled Bionic Lung Simulator for Dynamic Respiration Simulation. [PDF]

open access: yesBioengineering (Basel)
Zhao RH   +5 more
europepmc   +1 more source

Debt Covenants and the Speed of Capital Structure Adjustment

open access: yesSSRN Electronic Journal, 2017
Abstract This paper examines the impact of debt covenants on the speed of capital structure adjustment. Overall, we find that covenants lower the speed of adjustment by 10–13%, relative to the speed of adjustment of firms without covenants. The speed of adjustment is significantly lower, by 40–50%, for firms with the most intense covenant provisions.
Devos, Erik   +2 more
openaire   +3 more sources

Determinants of the adjustment speed of capital structure

Journal of Applied Accounting Research, 2014
Purpose– The purpose of this paper is to examine the role of institutional, macroeconomic, industry, and firm characteristics on the adjustment speed of corporate capital structure within the context of developing countries.Design/methodology/approach– The authors considers a sample of 986 firms drawn from nine developing countries in Africa over a ...
Tesfaye T Lemma, Minga Negash
exaly   +2 more sources

Capital structure adjustment speed over the business cycle

Finance Research Letters, 2021
Abstract This paper extends the De Marzo and He (2019) model of capital structure dynamics by introducing macroeconomic conditions. Our goal is to analyze how business cycle risks impact a firm’s capital structure adjustment speed. Based on our calibration, the model predicts that the capital structure adjustment is slower in the presence of ...
Liu Gan
exaly   +2 more sources

Is Managerial Ability Associated with Capital Structure Adjustment Speed?*

Asia-Pacific Journal of Financial Studies, 2021
AbstractWe find that firms with more capable managers exhibit a slower adjustment speed of capital structure toward the target level. This result is stronger for younger and smaller firms. These can be explained by capable managers’ avoidance of transaction costs and their decision to focus on core activities rather than on capital structure adjustment.
Hyungjin Cho   +2 more
exaly   +2 more sources

Xi's anti-corruption campaign and the speed of capital structure adjustment

Pacific-Basin Finance Journal, 2021
Abstract This paper examines how Xi's anti-corruption campaign impacts the speed of capital structure adjustment, as well as the underlying mechanism. We find that the firms speed up their leverage adjustment to the target since the inspections by CCDI covering the provinces that they are registered in.
Yiming Hu, Mingxia Xu
exaly   +2 more sources

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