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Keywords: Dynamic panel fraction
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Journal Articles
Does companies' financial flexibility drive their leverage dynamics? New evidence
Available to Purchase
Journal:
Managerial Finance
Managerial Finance (2023) 49 (2): 270–290.
Published: 31 August 2022
... in eight manufacturing sectors from 2009 to 2020. The authors employ an advance estimator, dynamic panel fraction, on the partial adjustment model to investigate the diverse impact on capital structure's speed of adjustment (SoA) between the financially flexible and financially inflexible firms...
