Dynamic adjustment towards target capital structure: Thailand evidence

• Main Authors: Haron, Razali, Ibrahim, Khairunisah, Mat Nor, Fauzias, Ibrahim , Izani
• Format: Article
• Language: English; English
• Published: Universiti Kebangsaan Malaysia 2013
• Subjects: HG4001 Financial management. Business finance. Corporation finance.
• Online Access: http://irep.iium.edu.my/33932/1/dynamic_adjustment_towards_target_capital_structure_thailand_evidence.pdf; http://irep.iium.edu.my/33932/4/Razali_capital_structure_thailand_evidencePub.pdf; http://irep.iium.edu.my/33932/; http://ejournals.ukm.my/pengurusan/article/view/4986
• Institution: Universiti Islam Antarabangsa Malaysia

By employing panel data, the present study examines the dynamic aspects of capital structure of 269 non-financial listed firms in Thailand from 2000 to 2009. This is a relatively new area in finance literature. The present study investigates the existence of target capital structure, speed of adj...