Economic policy uncertainty and leverage dynamics: Evidence from an emerging economy

Y Bajaj, S Kashiramka, S Singh - International Review of Financial Analysis, 2021 - Elsevier
We test capital structure adjustments under dynamic trade-off theory using the standard
partial adjustment framework, in light of long-and short-run economic policy uncertainties …

Raising capital amid economic policy uncertainty: an empirical investigation

D Ashraf, M Khawaja, MI Bhatti - Financial Innovation, 2022 - Springer
This paper investigates how economic policy uncertainty affects firms' frequency and their
choice of financial instruments to raise capital. By applying a three-step sequential …

Do Indonesian firms practice target capital structure? A dynamic approach

R Haron - Journal of Asia Business Studies, 2016 - emerald.com
Purpose This study aims to investigate the dynamic aspects in the capital structure decisions
of firms in Indonesia, offering an extension to the existing literature on Indonesia via a …

Re-examining the determinants of capital structure in Nigeria

ST Bolarinwa, AA Adegboye - Journal of Economic and Administrative …, 2021 - emerald.com
Purpose The paper investigates the determinants of capital structure and the speed of
adjustment of capital structure decisions of Nigerian firms. Design/methodology/approach …

An empirical analysis of the dynamics influencing bank capital structure in Africa

AM Obadire, V Moyo, NF Munzhelele - International Journal of Financial …, 2023 - mdpi.com
Financial institutions, particularly banks, have long grappled with the dilemma of structuring
their capital optimally. This process, commonly referred to as capital structure decision …

Is financial distress risk important for manufacturing SMEs to rebalance the short-term debt ratio?

F Sardo, Z Serrasqueiro, E Vieira… - The Journal of Risk …, 2022 - emerald.com
Purpose This study seeks to analyse if the adjustment towards the target short-term debt
ratio of small and medium-sized firms (SMEs) is related to financial distress risk …

[HTML][HTML] Institutional environment and determinants of adjustment speed to the target capital structure in the MENA region

M Touil, C Mamoghli - Borsa Istanbul Review, 2020 - Elsevier
We investigate financial structure institutional determinants of firms listed on the MENA
region, and we analyze the indirect role played by institutions on the speed of adjustment …

Does dynamic trade-off theory explain Portuguese SME capital structure decisions?

F Sardo, Z Serrasqueiro - Journal of Small Business and Enterprise …, 2017 - emerald.com
Purpose The purpose of this paper is to analyse if capital structure decisions of small-and
medium-sized Portuguese firms are in accordance with the predictions of dynamic trade-off …

[PDF][PDF] Adjustment speed towards target capital structure and its determinants

PA Memon, R Md-Rus, ZB Ghazali - Economic Research-Ekonomska …, 2021 - hrcak.srce.hr
This study examines the existence of the dynamism of capital structure in Pakistan for the
period from 2003 to 2012, with specific objectives of estimating the adjustment speed and …

[PDF][PDF] Target capital structure for managerial decision making: Dynamics and determinants

AOI Iyoha, G Ohiokha, D Umoru, SO Akhor… - Investment …, 2022 - academia.edu
The study examines the dynamics and determinants of target capital structures among
manufacturing firms listed on the Nigeria Stock Exchange during the period from 2012 to …