Results 11 to 20 of about 6,536 (198)

What determines the speed of adjustment to the target capital structure? [PDF]

Applied Financial Economics, 2006
A dynamic adjustment model and panel methodology are used to investigate the determinants of a time varying target capital structure. Because firms may temporarily deviate from their target capital structure in the presence of adjustment costs, the adjustment process is also endogenized.
Wolfgang Drobetz, Gabrielle Wanzenried
openaire   +5 more sources

Capital Structure Theories and Speed of Capital Adjustment towards Target Capital Structure along Life Cycle Stages of Asian Manufacturing Firms

Journal of Accounting and Finance in Emerging Economies, 2020
Purpose: Firms have different costs and benefits and asymmetric information across their life cycle stages and hence each stage has different financial pattern and speed of adjustment towards target capital.
Muhammad Sajid Amin, Hashim Khan, Imran Abbas Jaddon, Muhammad Tahir   +3 more
doaj   +3 more sources

Adjustment speed towards target capital structure and its determinants [PDF]

Economic research - Ekonomska istraživanja, 2020
This study examines the existence of the dynamism of capital structure in Pakistan for the period from 2003 to 2012, with specific objectives of estimating the adjustment speed and determining the factors affecting the adjustment speed towards target capital structure.
Memon, Pervaiz Ahmed, Md-Rus, Rohani, Ghazali, Zahiruddin B.   +2 more
openaire   +3 more sources

Capital Structure Deviation and Speed of Adjustment

Financial Review, 2011
AbstractAs a firm deviates from its target leverage from above (below), the bankruptcy costs (foregone tax savings) rise at an increasing rate while the tax savings (reduced bankruptcy costs) rise at a decreasing rate, generating a stronger incentive for rebalancing capital structure.
Tarun K. Mukherjee, Wei Wang
openaire   +4 more sources

Investigating the Effects of Debt Convergence of Companies on the Speed of Capital Structure Adjustment Considering the Time Horizon [PDF]

Journal of Asset Management and Financing
This study examined the capital structure adjustment speed between converged and non-converged companies in terms of financial leverage according to the timing of capital structure adjustment using data from companies listed on the Tehran Stock Exchange (
Sayed Mojtaba Ahmadi, Mehdi Agha Beik Zadeh, Afsaneh Soroushyar   +2 more
doaj   +2 more sources

Target Capital Structure: Dynamics, Determinants and Speed of Adjustment [PDF]

, 2017
The corporate finance literature has focused on explaining the determinants of firms target capital structure and speed of adjustment using the well-established theories such as pecking order, signaling and trade-off theories. However, less attention has been paid to understanding the financing behavior of farm businesses using these theories.
Tamirat, Aderajew AS, Trujillo-Barrera, Andres A., Pennings, Joost M. E., Tamirat, Aderajew AS, Trujillo-Barrera, Andres A., Pennings, Joost M. E.   +5 more
openaire   +4 more sources

Dynamic Capital Structure: Dynamics, Determinants and Speed of Adjustment

, 2017
The corporate finance literature has focused on explaining the determinants of firms target capital structure and speed of adjustment using the well-established theories such as pecking order, signaling and trade-off theories. However, less attention has been paid to understanding the financing behavior of farm businesses using these theories.
Tamirat, A.S., Trujillo Barrera, A.A., Pennings, J.M.E.   +2 more
openaire   +2 more sources

Capital Structure and Speed of Adjustment in Indonesian Listed Firms: Does Sharia Compliance Affect the Adjustment Speed?

Journal of Islamic Economics and Business
This study investigates how Sharia compliance and Islamic debt constraints influence capital structure and its adjustment speed among non-financial firms listed on the Indonesia Stock Exchange (2013–2023). Challenging the assumption that Sharia-compliant firms are always more conservative in debt usage, this research integrates Sharia-based variables ...
Euis Bandawaty, Woro Anglia Banda Sutomo, Heny Herawati, Sri Lestari, null Juliana, Mohd Halim, Yayan Hendayana   +6 more
openaire   +2 more sources

Capital Structure Adjustment Speed in Indonesia: Does Sharia Compliance Matter?

Shirkah, 2022
Leverage Speed of Adjustment (henceforth SOA) has previously been studied by researchers; however, the examination of its connection with sharia law has been overlooked.
Arum Pujiastuti, Saefudin Saefudin, Rizki Dini Shandra Yunita, Yuni Astuti   +3 more
doaj   +1 more source

Capital Structure Adjustment Speed and the Effect of Boom and Recession on that: Evidence from Tehran Stock Exchange Listed Companies [PDF]

تحقیقات مالی, 2020
Objective: This study is aimed at measuring how fast adjustments are made on capital structures, for various industries, and investigating the impact of macroeconomic conditions, in terms of recession and boom, between 2011 and 2017.
Mahdi Zamani Sabzi, Ali Saeedi, Mohammad Hassani   +2 more
doaj   +1 more source