Factors Affecting Speed of Adjustment to Target Leverage: Malaysia Evidence

• Main Authors: Haron, Razali, Ibrahim, Khairunisah, Mat Nor, Fauzias, Ibrahim , Izani
• Format: Article
• Language: English
• Published: Sage 2013
• Subjects: HG4001 Financial management. Business finance. Corporation finance.
• Online Access: http://irep.iium.edu.my/30003/1/04_GBR~14_2_Razali_Haron_P3.pdf; http://irep.iium.edu.my/30003/; http://gbr.sagepub.com
• Institution: Universiti Islam Antarabangsa Malaysia

This study focuses on the dynamic aspect of capital structure which is a relatively new area in the finance literature. By employing panel data, 790 of non-financial listed firms in Malaysia are examined for the period 2000–2009. Conducted using the dynamic Partial Adjustment Model and estimated b...