The aim of this study is to empirically investigate the role of firm- industry-, institutional-, and macroeconomic-factors on a firm's capital structure decision in the context of nine African countries. To this end, we consider a sample of 986 non-financial firms over a period of 10 years...

This study aims to investigate how firm, industry, macroeconomic and institutional factors influence a firm's debt maturity structure decisions across nine African countries. We consider a sample of 986 non-financial firms over a period of 10 years (1999-2008). We specify panel data models that...

This paper aims to examine the adjustment speed of debt maturity structure within the context of Africa countries. Dynamic adjustment models using system GMM proposed by Blundell and Bond (1998) were used to analyze data pertaining to 986 non-financial firms drawn from nine African countries. We...

The aim of this paper is to examine the role of institutional-, macroeconomic-, industry-, and firm-characteristics on the adjustment speed of corporate capital structure in the context of nine (9) African countries. We consider a sample of 986 firms over a period of 10 years (1999–2008)....