Results 11 to 20 of about 10,758,957 (300)
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
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Jurnal Bisnis dan Manajemen, 2021 This study explored the determinants of capital structure, optimal capital structure, and adjustment speed in real-estate, property, and construction firms in Indonesia.
Subiakto Soekarno +2 more
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Effects of Inflation Rate Risk and Firm-Specific Risk on A Firm Capital Structure Adjustment: GMM Approach [PDF]
پژوهشهای تجربی حسابداری, 2021 One of the most important duties of a firm’s financial managers is to select an optimal capital structure for it. The research hypotheses are developed based on the effects of both internal (firm specific risk) and external (inflation rate risk) risks of
mahdi moradi, Esmat Parhizkar malek Abad
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Speed of Adjustment to Target Capital Structure based on Interaction between Trade-off and Pecking order Theories in TSE [PDF]
پژوهشهای تجربی حسابداری, 2016 Based on the dynamic trade-off theory, for the presence of costs of deviations from target leverage and costs of adjustments toward the target leverage, capital structure may not be necessarily compatible to the target structure, therefore, firms will ...
Manizheh Ramesheh +2 more
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Estudios Gerenciales, 2023 The objective of this article is to analyze the capital structure adjustment of Latin American firms through the pecking order and trade-off theories using a sample of 975 non-financial firms for the period 2000-2017. The results support the existence of
Jorge A. Muñoz Mendoza +5 more
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PLoS ONE, 2023 It is an important measure in the reform of state-owned enterprises to improve the efficiency of capital operation by introducing non-state-owned shareholders.
Jiao Wang +3 more
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Partial Adjustment Toward Target Capital Structures
Journal of Financial Economics, 2005 The literature provides conflicting assessments about how firms choose their capital structures, with the "tradeoff", pecking order, and market timing hypotheses all receiving some empirical support. Distinguishing among these theories requires that we know whether firms have long-run leverage targets and (if so) how quickly they adjust toward them ...
Graduate School of Business, University of Florida, Gainesville, FL 32611-7168, USA ( host institution ) +2 more
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Cogent Economics & Finance, 2022 This study investigates asymmetries in the capital structure speed of adjustment in the case of a capital-intensive industry. Employing a sample of globally listed maritime, manufacturing and services firms between 1995 and 2020, we estimate a regime ...
Ioannis Chasiotis +2 more
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Managing the Gap Between Actual and Target Capital Structure: An Evidence From Pakistan
Journal of Management and Research, 2014 Investment framework is one of the most significant components that impact the company’s value. Reliable funding choices for a company generally lead to a capital structure that increases the firm’s value (Abor, 2006). Early studies provide contradictory
ABDUL RAFAY +2 more
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A study on the effect of cash flows on the gap between the actual leverage and optimal financial leverage ratio [PDF]
بررسیهای حسابداری و حسابرسی, 2016 The purpose of this paper is a study on the effect of cash flows on the gap between actual and optimal financial leverage ratio companies listed in Tehran Stock Exchange. In this regard, we try to help with advanced econometric techniques such as partial
Mohammad Osoolian, Elham Bagheri
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