Article history: Received 14 May 2013 Received in revised form 21 January 2015 Accepted 22 January 2015 Available online 30 January 2015 This paper examines the effect of a firm's crash-risk exposure on its speed of leverage adjustment (SOA), and how this effect is influenced by the information environment of the country in which the firm is located.We employ a panel of 19,247 firms across 41 c...

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 adjustment model on panel data and generalized method of moments to achieve a reasonable estimate of the impacts.in this paper, were analyzed ...

The study examines the dynamics and determinants of target capital structures among manufacturing firms listed on Nigeria Stock Exchange during period from 2012 to 2021. is motivated by disparity in Speed Adjustment (SOA) leverage, which influenced firm-specific attributes largely dependent macroeconomic indices. Therefore, understanding SOA leverage germane because no two macro-economic enviro...

The banks’ response to their changes in leverage ratios is examined and evaluated in this paper. This reaction can be interpreted as if the coefficient of total debts to equity (lev1) and total assets to equity (lev2) are positive as anticipated in the banking network of Iran. The paper uses data from 31 Iranian banks’ annual databases during the course of 2006-13 in order to estimate an empiri...