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This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
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economic activity, multinationality and innovation. The paper identifies the consensus view which is emerging in the literature … they promote innovation. The paper tests whether this relationship is evident in Great Britain using data derived from the … UKís Annual Foreign Direct Investment survey and the UKís Community Innovation Survey 2007. It addresses a surprising gap …
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This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10011448232
Persistent link: https://www.econbiz.de/10002153409
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