• 1. Introduction
  • 2. DATA AND INITIAL ANALYSIS
  • 2.1. Financial Crisis and Capita Structure in East Asia
  • 2.2. Evolution of capital structure
  • 3. Methodology
  • 3.1. Partial adjustment models
  • 3.2. Estimation method
  • 4. Analysis of Results
  • 4.1. Level estimates of model 2 and 2a
  • 4.2. Estimates of first differences models 1 and 3
  • 4.3. Beyond common speed of adjustment: Estimates of models 4 and 5
  • 4.4. Comparison of alternative models
  • 4.5. Inter-country differences in the speed of adjustment
  • 4.6. Financial distress and sudden adjustment
  • 5. Concluding Comments
  • REFERENCES