Determinants of Target Capital Structure and Adjustment Speed: Evidence from India
نویسندگان
چکیده
منابع مشابه
Opaque Information, Deviation from Target Leverage and Speed of Adjustment
Information opacity leads to information asymmetry. In this situation, in providing their own financial needs, firms face limitations and inevitably provide their financial needs from the debt market by signalling private information to it. In addition, information opacity affects the leverage adjustment speed. This research investigates the effect of information opacity on deviation from targe...
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This paper explores the leverage determinants across firms’ sizesbased on the two main theories behind the capital structure, the trade-offand the pecking order theories. A panel data is sued to find therelationship between capital structure and the variables that proxy forbenefits and costs of debt during 1990 to 2006. Our findings show thatboth principles help to explain the capital structure...
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Does financial development result in capital being reallocated more rapidly to industries where it is most productive? We argue that if this was the case, financially developed countries should see faster growth in industries with investment opportunities due to global demand and productivity shifts. Testing this cross-industry cross-country growth implication requires proxies for (latent) glob...
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ژورنال
عنوان ژورنال: Universal Journal of Accounting and Finance
سال: 2021
ISSN: 2331-9712,2331-9720
DOI: 10.13189/ujaf.2021.090203