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Firm characteristics, economic conditions and capital structure adjustments

Drobetz, Wolfgang (contributor); Pensa, Pascal (contributor) - 2007

We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital …

Persistent link: https://www.econbiz.de/10003666867

Trade-off-theory vs. pecking order theory and the determinants of corporate leverage : evidence from a panel data analysis upon French SMEs (2002 - 2010)

Adair, Philippe; Adaskou, Mohamed - In: Cogent economics & finance 3 (2015) 1, pp. 1-11

dependent variable being the debt ratio, we apply a linear model upon a balanced panel data-set of 2,370 French SMEs over the …

Persistent link: https://www.econbiz.de/10010492381

Firm Characteristics and Dynamic Capital Structure Adjustment

Drobetz, Wolfgang; Pensa, Pascal; Wanzenried, Gabrielle - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2006

We use a dynamic framework and panel methodology to investigate the determinants of a time-varying corporate capital …

Persistent link: https://www.econbiz.de/10009024990

Capital structure determinants in German SMEs : panel analysis and policy recommendations

Shugliashvili, Teona; Pirveli, Erekle; Munjishvili, Tea; … - In: Credit and capital markets : Kredit und Kapital 56 (2023) 3/4, pp. 313-351

-related determinants. Utilizing a 10-year dataset encompassing 13,051 SMEs, we employ a dynamic panel data model with an unbiased Dynamic … Panel Fractional (DPF) estimator to identify the key variables influencing the debt-to-equity ratio. The findings underscore …

Persistent link: https://www.econbiz.de/10015188165

On the capital structure of foreign subsidiaries : evidence from a panel data quantile regression model

Miniaci, Raffaele; Panteghini, Paolo - 2021

This paper studies how variations in tax rates and profitability affect the (unconditional) quantiles of the distribution of the leverage of European foreign owned subsidiaries in the presence of unobserved company characteristics, possibly correlated with their observable dimensions. To achieve...

Persistent link: https://www.econbiz.de/10012514927

What determines the speed of adjustment to the target capital structure?

Drobetz, Wolfgang; Wanzenried, Gabrielle - 2004

We use a dynamic adjustment model and panel methodology to investigate the determinants of a time-varying optimal … well as macroeconomic factors on the speed of adjustment to the target leverage. Our sample comprises a panel of 90 Swiss …

Persistent link: https://www.econbiz.de/10011570398

Dynamic Optimal Capital Structure and Technological Change

Lööf, Hans - 2003

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/10010298124

Dynamic optimal capital structure and technological change

Lööf, Hans - 2003

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

Impacts of capital structure on performance of banks in a developing economy : evidence from Bangladesh

Siddik, Md. Nur Alam; Kabiraj, Sajal; Joghee, Shanmugan - In: International Journal of Financial Studies : open … 5 (2017) 2, pp. 1-18

performance of banks in Bangladesh. This study attempts to fill this gap. Using the panel data of 22 banks for the period of 2005 …

Persistent link: https://www.econbiz.de/10011649378

Corporate Debt and Financial Balance Sheet Adjustment : A Comparison of the United States, the United Kingdom, France and Germany

Gibbard, Peter; Stevens, Ibrahim - 2007

The level of UK corporate debt directly affects financial stability in the United Kingdom because a significant amount of the exposure of the UK financial system is to UK corporates. Our paper provides a comparison of the determinants of corporate debt in the United States, the United Kingdom,...

Persistent link: https://www.econbiz.de/10014052546