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dc.contributor.authorHafezali Iqbal-Hussain, Mohd Farid Shamsudin-
dc.contributor.authorMohd Farid Shamsudin-
dc.date.accessioned2017-02-06T03:19:58Z-
dc.date.available2017-02-06T03:19:58Z-
dc.date.issued2017-02-
dc.identifier.urihttps://www.researchgate.net/publication/310517936_Dynamic_Capital_Structure_and_Factors_Influencing_the_Speed_of_Adjustment_of_UK_Firms-
dc.identifier.urihttp://ir.unikl.edu.my/jspui/handle/123456789/15213-
dc.description.abstractThis paper estimates firms’ speed of adjustment by measuring the difference between simulated debt levels (target) and actual leverage (observed) levels to the difference between real leverage levels and lag levels based on the unit of observation (firm level) data. We test the impact of endogenous and exogenous factors to speed of adjustment. We find that the interaction of types of factors is statistically significant which would invite a rethink on the current understanding of capital structure decisions.en_US
dc.subjectCapital Structureen_US
dc.subjectSpeed of Adjustmenten_US
dc.subjectSystem GMMen_US
dc.subjectUK Firmsen_US
dc.titleDynamic Capital Structure and Factors Influencing the Speed of Adjustment of UK Firmsen_US
dc.typeArticleen_US
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