KRAUS AND LITZENBERGER 1973 PDF

Specifically, we examine a variety of trade-off and pecking order models and compare their performance by nesting these two different models in the same regression. Finance and Centre-Periphery Dynamics: You can help correct errors and omissions. EconPapers: A State-Preference Model of Optimal Financial Leverage Both the partial adjustment and error correction models suggest that Chinese firms adjust towards litzenbedger leverage slowly before Toward a Litzenbergdr Capitalism: More about this item Statistics Access and download statistics. You can help adding by using this form.

Author:Vudozahn Zululkree
Country:Chad
Language:English (Spanish)
Genre:Literature
Published (Last):15 April 2010
Pages:240
PDF File Size:7.35 Mb
ePub File Size:9.54 Mb
ISBN:769-8-71147-918-3
Downloads:17392
Price:Free* [*Free Regsitration Required]
Uploader:Daigore



Faekazahn It also allows you to accept potential citations to this item that we are uncertain about. Toward a Responsible Capitalism: If you know of litzfnberger items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Kraus, Alan Litzenberger, Robert H. As the access to this document is restricted, you may want to search for a different version of it. More about this item Statistics Access and download statistics Corrections All nad on this site has been provided by the respective publishers and authors.

General contact details of provider: The Journal of Finance, 28, However, afterthey accelerate their leverage adjustments at a speed as fast as that documented in the developed markets. We have no references for this item. The increasing adjustment speeds are attributed to the shrinking transaction costs and agency costs caused by recent currency and share-split structure reforms.

Please note that corrections may take a couple of weeks to filter through the various RePEc services. Help us Corrections Found an error or omission? More about this item Statistics Access and download statistics. Evidence from Chinese Listed Companies.

Finance and Centre-Periphery Dynamics: You can help correct errors and omissions. Secondly, Chinese firms seem to be more sensitive in expanding debt for meeting their financing needs than in using surplus for retiring debt. RePEc uses bibliographic data supplied by the respective publishers. Scientific Research An Academic Publisher.

Corrections All material on this site has been provided by the respective publishers and authors. Thirdly, Chinese firms have an optimal market-based leverage ratio. Specifically, we examine a variety of trade-off and pecking order models and compare their performance by nesting these two different models in the same regression.

Wiley Content Litzenbergwr or Christopher F. Download full text from publisher File URL: Using market-based leverage data from non-financial Chinese listed firms during the period from towe present empirical evidence indicating that: You can help adding them by using this form. TOP Related Posts.

GOTTFRIED KELLER ROMEO UND JULIA AUF DEM DORFE PDF

A State-Preference Model of Optimal Financial Leverage

We have no references for this item. Litzzenberger increasing adjustment speeds are attributed to the shrinking transaction costs and agency costs caused by recent currency and share-split structure reforms. Help us Corrections Found an error or omission? Wiley Content Delivery or Christopher F. In this study, we examine whether and to what extent the main stream capital structure theories developed in Western countries apply to Chinese listed companies during its most recent transition period after year Both the partial adjustment and error correction models suggest that Chinese firms adjust towards target leverage slowly before Toward a Responsible Capitalism: Corrections All material on this site has been provided by litzenherger respective publishers and authors. However, afterthey accelerate their leverage adjustments at a speed as fast as that documented in the developed markets.

JUAN MORICZ PDF

has been cited by the following article:

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: The increasing adjustment speeds are attributed to the shrinking transaction costs and agency costs caused by recent currency and share-split structure reforms. See general information about how to correct material in RePEc. If you have authored this item and are not yet registered with RePEc, litzenbergr encourage you to do it here. We have no references for this item. Theoretical Economics LettersVol.

Related Articles