Keywords: Leverage target
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Journal Articles
China Accounting and Finance Review (2023) 25 (4): 421–445.
Published: 15 May 2023
... ; Vo et al., 2021) by documenting the (risk avoidance) deferential attitude of US firms towards leverage target SOA. The study extends prior literature’s determinant of SOA and suggests that excess cash determines how fast firms adjust towards target ratios in times of pandemic. The study...

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