Löffler, Gunter; Maurer, Alina - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2009
duration model, leverage targeting, mean rever-
sion, credit rating
JEL Classification: G32, G33
Acknowledgements: This … the empirical relevance of leverage-targeting
behavior. It would be difficult to maintain the interpretation that …. Finally, the work contributes to the corporate finance literature, since it
shows that it is important to model the leverage-targeting …