Partial adjustment toward target capital structures

Keywords

Leverage (statistics), Capital structure, Pecking order, Debt, Market timing

References

• Econometric Analysis of Panel DataBadi H. Baltagi — 2020
• The Dynamics of Capital Structure: An Empirical Analysis of a Partially Observable SystemMichael R. Roberts — 2002
• Adjustment Is Much Slower Than You ThinkRicardo J. Caballero, Eduardo Engel, Caballero, Ricardo J. — 2003
• The Debt-Equity Choice: An Analysis of Issuing FirmsTim C. Opler, Sheridan Titman — 1994
• How Does Industry Affect Firm Financial Structure?Peter MacKay, Gordon M. Phillips — 2005
• The Bank Capital Decision: A Time Series-Cross Section AnalysisAlan J. Marcus — 1983
• Expectations of security type and the information content of debt and equity offersMark Bayless, Susan Chaplinsky — 1991
• Corporate Debt Capacity: A Study of Corporate Debt Policy and the Determination of Corporate Debt CapacityAllan J. Fisher, Gordon Donaldson — 2000
• Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment EquationsManuel Arellano, Stephen Bond — 1991
• Another look at the instrumental variable estimation of error-components modelsManuel Arellano, Olympia Bover — 1995
• Dynamic Capital Structure Choice: Theory and TestsEdwin O. Fischer, Robert Heinkel, Josef Zechner — 1989
• Efficient estimation of models for dynamic panel dataSeung C. Ahn, Peter Schmidt — 1995
• Industry costs of equityEugene F. Fama, Kenneth R. French — 1997
• Debt Maturity and the Effects of Growth Opportunities and Liquidity Risk on LeverageShane A. Johnson — 2003
• The cost of capital, corporation finance and the theory of investmentPaulo Renato Soares Terra — 2008
• The Debt-Equity ChoiceArmen Hovakimian, Tim C. Opler, Sheridan Titman — 2001
• What Do We Know About Capital Structure? Some Evidence from International DataRaghuram G. Rajan, Luigi Zingales — 1995
• Firms' Histories and Their Capital StructuresAyla Kayhan, Sheridan Titman — 2004
• Corporate Behavior in Adjusting to Capital Structure and Dividend Targets: An Econometric StudyAbolhassan Jalilvand, Robert S. Harris — 1984
• How Big are the Tax Benefits of DebtJohn R. Graham — 2000

Cited by

• The Benefits of Adjusting - Estimating the Speed of Adjustment toward a Target Capital Structure on a Cost BasisBrian J. Clark — 2015
• La structure du capital et son impact sur la profitabilité et sur la demande de travail : analyses théoriques et empiriques sur données de panel françaisesMazen Kebewar — 2012
• Financial Constraints and Capital Structure Dynamics Across the Business Cycle: Some Evidence from The JseChristo Auret, Chimwemwe Chipeta, Sridevi Krishna — 2013
• Эмпирическое тестирование динамической концепции структуры капитала на данных российских компанийNatalia Shakhina, Maria Kokoreva — 2011
• Three essays on capital structureΚωνσταντίνος Λαμπρινουδάκης — 2012
• Deviations from the Target Capital Structure of Financial InstitutionsAlexander Schandlbauer — 2014
• Körperschaftsbesteuerung und Unternehmensverschuldung: Evidenz aus einem Europäischen Firmenpanel / Capital Structure and Corporate Taxation: Empirical Evidence from European Panel DataMatthias Stöckl, Hannes Winner — 2013
• Capital structure adjustment process in firms accessing venture fundingMarina Balboa Ramón, José Martí, Álvaro Tresierra Tanaka — 2011
• Capital Management and Leverage of Foreign Bank Subsidiaries in a Host Country: A Case in Hong KongHong Kong Institute for Monetary and Financial Research, C. H. Hui, Ka-Fai Li — 2015
• Behavioral Corporate Finance: A Current SurveyMalcolm Baker, Jeffrey Wurgler — 2012
• The Effect of Financial Deficit and Target Leverage on Capital Structure and Debt Characteristics: Evidence from First-Time Debt IssuersVassil T. Mihov — 2005
• "Target Debt ratios: The impact of equity mis-prici ng"William Elliott, Johanna Koëter-Kant, Richard S. Warr — 2008
• Asset Liquidation Value and Choice of Financing: Evidence from Real Estate Investment TrustsCrocker Liu, Peng Liu, Zhipeng Zhang — 2010
• Pecking Order Theory and Trade-Off Theory of Capital Structure: Evidence from Indonesian Stock ExchangePriska Ralna Eunike Culata, Tri Gunarsih — 2012
• Resolving the Underinvestment and Asymmetric Information Problems with Target Debt RatiosUnyong Pyo, Yong Jae Shin, Howard E. Thompson — 2011
• Динамическая концепция структуры капитала: история возникновения, эволюция и основные исследовательские вопросыО. А. Пономарева — 2010
• Three essays on earnings management, financial irregularities, and capital structureRaunaq S. Pungaliya — 2010
• Debt covenants and the speed of capital structure adjustmentErik Devos, Shofiqur Rahman, Desmond Tsang — 2017
• Ownership concentration and capital structure: Malaysian evidenceNureliana Baderi — 2014
• The Relevance of External Credit Ratings in the Capital Structure Decision-Making ProcessMarc Michelsen, Christian Klein — 2011

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