Partial adjustment toward target capital structure: Evidence from selected African countries
نویسندگان
چکیده
منابع مشابه
Partial Adjustment toward Target Capital Structures
The literature provides conflicting assessments about firms’ leverage decisions. We argue that econometric mis-specifications have influenced many past conclusions, because the estimated regression models implicitly impose strong, but unwarranted, assumptions on the data. This study estimates a partial-adjustment model for a firm’s leverage decision. Our model recognizes that a firm’s target ca...
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2013
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv10i3c4art6