Financial Conservatism and Speed of Adjustment towards Target Capital Structure: Empirical Evidence from Pakistan [PDF]
This study is the first to empirically examine whether the speed of adjustment (SOA) of capital structure is asymmetric between financially conservative (FC) and non-financially conservative (NFC) firms in Pakistan over the period 1998-2014.
Ammara Yasmin, Abdul Rashid
doaj
Optimal Capital Structure and Adjustment Speed under High Inflation and Dollarization in Companies Listed in the Tehran Stock Exchange [PDF]
Determining the best financial structure and finding various financing methods constitute important business considerations. during recent years, rising inflation and currency shocks in Iran have encouraged financial managers to emphasize managing ...
Voria Bazargan, Mohammad Nadiri
doaj +1 more source
Readjusting the speed of leverage adjustment during the COVID-19 pandemic?
Recognizing the severity of COVID-19 on the US economy, the authors investigate the behavior of US-listed firms towards leverage speed of adjustment (SOA) during the pandemic.
Augustine Tarkom, Xinhui Huang
doaj +1 more source
The valuation adjustment mechanism (‘VAM’) agreement has recently been widely adopted in venture capital investment in emerging markets. The VAM agreement endows venture capital institutions a contractual right to reevaluate invested startup contingent ...
Yong Xue, Xinyi Yun
doaj +2 more sources
Dynamic target capital structure and speed of adjustment in farm business
Abstract This paper quantifies the determinants and speed of adjustment to the target capital structure for a panel of 1,500 Dutch farms over the years 2001–2015. Using the System General Method of Moments (System-GMM) estimator, the results show that farm profitability, earnings volatility, asset tangibility and growth opportunity are ...
Aderajew, Tamirat S. +2 more
openaire +2 more sources
What Determines the Speed of Adjustment to the Target Capital Structure? [PDF]
We use a dynamic adjustment model and panel methodology to investigate the determinants of a time- varying optimal capital structure. Because firms may temporarily deviate from their optimal capital structure in the presence of adjustment costs, we also ...
Wanzenried, Gabrielle, Drobetz, Wolfgang
core +1 more source
THE IMPACT OF LEVERAGE VARIANCES ON GROWTH: A Longitudinal Study of Pakistan’s Corporate Sector [PDF]
This study is an empirical investigation into the impact of leverage deviations from the target on growth of companies listed on the Karachi Stock Exchange (KSE). It is posited that leverage variance impedes the growth of firms.
Sohail AMJED, S.M. Amir SHAH
doaj
Target Capital Structure: Dynamics, Determinants and Speed of Adjustment
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 +5 more
openaire +3 more sources
Target capital structure for managerial decision making: Dynamics and determinants
The study examines the dynamics and determinants of target capital structures among manufacturing firms listed on the Nigeria Stock Exchange during the period from 2012 to 2021. The study is motivated by the disparity in the Speed of Adjustment (SOA) to target leverage, which is influenced by firm-specific attributes largely dependent on macroeconomic ...
Agbonrha-Oghoye Imas Iyoha +4 more
openaire +1 more source
Effect of Ownership Structure on Corporate Diversification of Listed Firms in Kenya
Purpose - This paper aimed to examine the moderating role of capital structure in the relationship between institutional and foreign ownerships on corporate diversification of listed firms at the Nairobi Securities Exchange, Kenya. Design/Methodology
Peninah Jepkogei Tanui +2 more
doaj +1 more source

