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The Speed of Adjustment to the Target Market Value Leverage Is Slower Than You Think
16 references·12 citing·30 second hop
The Speed of Adjustment to the Target Market Value Leverage Is Slower Than You Think (2016)The Speed of Adjustment to the Target Mar…Do Peer Firms Affect Corporate Financial Policy? (2013)Do Peer Firms Affect Corporat…Institutional determinants of capital structure adjustment speeds (2011)Institutional determinants of…Cash flows and leverage adjustments (2011)Cash flows and leverage adjus…Testing Theories of Capital Structure and Estimating the Speed of Adjustment (2009)Testing Theories of Capital S…How and When Do Firms Adjust Their Capital Structures toward Targets? (2008)How and When Do Firms Adjust …Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Back to the Beginning: Persis…Firms’ histories and their capital structures☆ (2006)Firms’ histories and their ca…Partial adjustment toward target capital structures (2005)Partial adjustment toward tar…Capital Structure and Stock Returns (2004)Capital Structure and Stock R…Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Testing Trade-Off and Pecking…Market Timing and Capital Structure (2002)Market Timing and Capital Str…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…The Capital Structure Puzzle (1984)The Capital Structure PuzzleThe Capital Structure Puzzle (1984)The Capital Structure PuzzleBiases in Dynamic Models with Fixed Effects (1981)Biases in Dynamic Models with…Determinants of corporate borrowing (1977)Determinants of corporate bor…Environmental Regulation and Access to Credit (2024)Environmental Regulation and …Bank Fintech and firm leverage adjustment speed: Evidence from China (2024)Bank Fintech and firm leverag…The dynamic trade-off theory of capital structure: evidence from a panel of US industrial companies (2023)The dynamic trade-off theory …The impact of supply chain finance on firm capital structure adjustment: Evidence from China (2022)The impact of supply chain fi…The Trade-Off Theory of Corporate Capital Structure (2021)The Trade-Off Theory of Corpo…Product market threats and leverage adjustments (2021)Product market threats and le…Foreign institutional ownership and the speed of leverage adjustment: International evidence (2021)Foreign institutional ownersh…Dynamic capital structure in Indonesia: Does the education and experience of CEOs matter? (2021)Dynamic capital structure in …Corporate Financial Policy: What Really Matters? (2021)Corporate Financial Policy: W…The Trade-off Theory of Corporate Capital Structure (2020)The Trade-off Theory of Corpo…Social trust and the speed of corporate leverage adjustment: evidence from around the globe (2020)Social trust and the speed of…Corporate capital structure actions (2019)Corporate capital structure a…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Determinants of Capital Structure Choice (1988)Dividend Policy, Growth, and the Valuation of Shares (1961)A Survey of Corporate Governance (1997)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Theory of Capital Structure (1991)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Initial conditions and moment restrictions in dynamic panel data models (1998)Econometric Analysis of Cross Section and Panel Data (2001)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Do Firms Rebalance Their Capital Structures? (2005)Liquidity and leverage (2008)Presidential Address: Discount Rates (2011)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Common risk factors in the returns on stocks and bonds (1993)CEO Overconfidence and Corporate Investment (2005)Initial conditions and moment restrictions in dynamic panel data models (1995)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2009)
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References

  • 1977Determinants of corporate borrowing13,160 cited
  • 1981Biases in Dynamic Models with Fixed Effects8,724 cited
  • 1984The Capital Structure Puzzle7,520 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 2002Testing Trade-Off and Pecking Order Predictions About Dividends and Debt3,396 cited
  • 1984The Capital Structure Puzzle3,151 cited
  • 2005Partial adjustment toward target capital structures2,038 cited
  • 2008Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure1,846 cited
  • 2004Capital Structure and Stock Returns1,250 cited
  • 2013Do Peer Firms Affect Corporate Financial Policy?1,166 cited
  • 2009Testing Theories of Capital Structure and Estimating the Speed of Adjustment933 cited
  • 2006Firms’ histories and their capital structures☆795 cited
  • 2008How and When Do Firms Adjust Their Capital Structures toward Targets?642 cited
  • 2011Institutional determinants of capital structure adjustment speeds618 cited
  • 2011Cash flows and leverage adjustments

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607 cited

Cited by

  • 2021Foreign institutional ownership and the speed of leverage adjustment: International evidence60 cited
  • 2021Product market threats and leverage adjustments47 cited
  • 2021Corporate Financial Policy: What Really Matters?39 cited
  • 2019Corporate capital structure actions38 cited
  • 2020Social trust and the speed of corporate leverage adjustment: evidence from around the globe30 cited
  • 2021The Trade-Off Theory of Corporate Capital Structure30 cited
  • 2021Dynamic capital structure in Indonesia: Does the education and experience of CEOs matter?29 cited
  • 2020The Trade-off Theory of Corporate Capital Structure23 cited
  • 2022The impact of supply chain finance on firm capital structure adjustment: Evidence from China17 cited
  • 2023The dynamic trade-off theory of capital structure: evidence from a panel of US industrial companies16 cited
  • 2024Bank Fintech and firm leverage adjustment speed: Evidence from China15 cited
  • 2024Environmental Regulation and Access to Credit15 cited