Förlagets beskrivning
The objective of this paper is to test the hypothesis that European quoted
firms determine their capital structure ratios in a targeting manner. A
co-integration analysis methodology is applied to capital structure data from
UK, Dutch, German and French quoted firms over the period 1968 to 1993 to test
this hypothesis. The results provide some support for the occurrence of capital
structure targeting behaviour within UK and Dutch firms, though only with
respect to certain ratios. It is not essential that the industry norm is the
focus for such targeting, which may equally occur with respect to the capital
structures of larger, more diversified, or more profitable firms, or on the
basis of some more complex criterion. The objective of this paper is to test the hypothesis that European quoted
firms determine their capital structure ratios in a targeting manner.
Fler böcker av Jonathan Tucker
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Capital Structure Targeting in European Quoted Firms
Bokrecensioner » Capital Structure Targeting in European Quoted Firms (Discussion Paper Series)
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