Capital structure and speed of adjustment in non-financial firms: Does sharia compliance matter? Evidence from Saudi Arabia
Sign Up to like & getrecommendations! Published in 2019 at "Emerging Markets Review"
DOI: 10.1016/j.ememar.2019.03.008
Abstract: Abstract This study investigates the effect of sharia compliance status on firms' capital structure decisions and speed of adjustment in non-financial firms in the Saudi Arabian market from 2005 to 2016. It finds that sharia… read more here.
Keywords: capital structure; speed adjustment; structure; sharia compliance ... See more keywords
The Impact of COVID-19 Economic Crisis on the Speed of Adjustment toward Target Leverage Ratio: An International Analysis
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DOI: 10.1016/j.frl.2021.102157
Abstract: Abstract This paper investigates changes in the speed of adjustment toward target leverage ratio under the impact of COVID-19 economic crisis. Using an international sample of publicly listed firms, we find that, on average, firms… read more here.
Keywords: impact covid; adjustment toward; target leverage; speed adjustment ... See more keywords
Debt covenants and the speed of capital structure adjustment
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DOI: 10.1016/j.jcorpfin.2017.04.008
Abstract: This paper examines the impact of debt covenants on the speed of capital structure adjustment. Overall, we find that covenants lower the speed of adjustment by 10–13%, relative to the speed of adjustment of firms… read more here.
Keywords: capital structure; speed adjustment; speed capital; adjustment ... See more keywords
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