Factors affecting speed of adjusment to taget leverage
HARON, RAZALI
Factors affecting speed of adjusment to taget leverage Malaysia evidence - 2013 - 243-262
This study focuses on the dynamic aspect of capital structure which is a relatively new area in the finance literature. By employing panel data, 790 of non financial listed firms in Malaysia are examined for the period 2000-2009. Conducted using the dynamic Partial Adjustment Model and estimated based on the Generalized Method of Moment, this study investigates the existence of target capital structure, speed of adjustment and factors affecting speed of adjustment.
FINANCE
332
Factors affecting speed of adjusment to taget leverage Malaysia evidence - 2013 - 243-262
This study focuses on the dynamic aspect of capital structure which is a relatively new area in the finance literature. By employing panel data, 790 of non financial listed firms in Malaysia are examined for the period 2000-2009. Conducted using the dynamic Partial Adjustment Model and estimated based on the Generalized Method of Moment, this study investigates the existence of target capital structure, speed of adjustment and factors affecting speed of adjustment.
FINANCE
332