The impact of firm characteristics on speed of adjustment to target leverage: a UK study
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DOI: 10.1080/00036846.2018.1495822
Abstract: ABSTRACT Responding to the need to investigate heterogeneity in the speed of adjustment (SOA) to target leverage in a manner that reflects the fractional nature of leverage, we estimate SOA across sub-samples of UK firms… read more here.
Keywords: speed adjustment; target leverage; adjustment target; leverage ... See more keywords