Dynamic Capital Structure and Factors Influencing the Speed of Adjustment of UK Firms

dc.contributor.author	Hafezali Iqbal-Hussain, Mohd Farid Shamsudin
dc.contributor.author	Mohd Farid Shamsudin
dc.date.accessioned	2017-02-06T03:19:58Z
dc.date.available	2017-02-06T03:19:58Z
dc.date.issued	2017-02
dc.identifier.uri	https://www.researchgate.net/publication/310517936_Dynamic_Capital_Structure_and_Factors_Influencing_the_Speed_of_Adjustment_of_UK_Firms
dc.identifier.uri	http://ir.unikl.edu.my/jspui/handle/123456789/15213
dc.description.abstract	This 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.subject	Capital Structure	en_US
dc.subject	Speed of Adjustment	en_US
dc.subject	System GMM	en_US
dc.subject	UK Firms	en_US
dc.title	Dynamic Capital Structure and Factors Influencing the Speed of Adjustment of UK Firms	en_US
dc.type	Article	en_US