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Keywords: Dynamic capital structure
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Journal Articles
Factors affecting speed of adjustment under different economic conditions: Dynamic capital structure sensitivity analysis
Available to Purchase
Journal of Chinese Economic and Foreign Trade Studies (2015) 8 (3): 165–182.
Published: 05 October 2015
... – Dynamic GMM estimations confirm the substance of past leverage on current debt, which recognizes the existence of dynamic capital structure. The findings corroborate that adjustment process is subject to trade-off between convergence rate and cost of being off-target. The fraction of financing...
