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
Diversification and target leverage of financial institutions
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DOI: 10.1016/j.mulfin.2018.06.001
Abstract: Abstract This study examines the relationship between financial institutions’ corporate strategy (i.e. asset side diversification) choices and capital structure decisions. Using a sample of 412 French financial institutions for the period 2002–2012, we first estimate… read more here.
Keywords: diversification target; financial institutions; diversification; target leverage ... 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