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Purpose – The purpose of this paper is to investigate whether existing capital structure target adjustment models are able to identify whether companies adjust their capital structures towards an (unobservable) target. Design/methodology/approach – Existing capital structure target...
Persistent link: https://www.econbiz.de/10014785319
Purpose – The purpose of this paper is to investigate whether existing capital structure target adjustment models are able to identify whether companies adjust their capital structures towards an (unobservable) target. Design/methodology/approach – Existing capital structure target...
Persistent link: https://www.econbiz.de/10008642011