Mean reverting leverage policy in China: theory and evidence from industrial and sectorial level unit root analysis
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DOI: 10.1108/jabs-10-2016-0138
Abstract: Purpose This study aims to apply unit root test to investigate the behavior of Chinese firms toward their leverage policy. The study is based on two influential and competing theories of capital structure. Design/methodology/approach This… read more here.
Keywords: leverage policy; leverage; study; unit root ... See more keywords