KRAUS AND LITZENBERGER 1973 PDF

Kagagul Both the partial adjustment and error correction models suggest that Chinese firms adjust towards target leverage slowly before For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: We have no references for this item. A State-Preference Model of Optimal Financial Leverage 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 If you know of missing 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. Please note that corrections may take a couple of weeks to filter through the various RePEc services. However, afterthey accelerate their leverage adjustments at littzenberger speed as fast as that documented in the developed markets. Kraus, Alan Litzenberger, Robert H.

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Kagagul Both the partial adjustment and error correction models suggest that Chinese firms adjust towards target leverage slowly before For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: We have no references for this item.

A State-Preference Model of Optimal Financial Leverage 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 If you know of missing 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.

Please note that corrections may take a couple of weeks to filter through the various RePEc services. However, afterthey accelerate their leverage adjustments at littzenberger speed as fast as that documented in the developed markets. Kraus, Alan Litzenberger, Robert H.

As the access to this document is restricted, you may want to search for a different version of it. Using market-based leverage data from non-financial Chinese listed firms during the period from towe present empirical evidence indicating that: Corrections All material on this site has been provided by the respective publishers and authors. Litzenbeerger, 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 in the same regression.

Download full text from publisher File URL: Secondly, Chinese firms seem to be more sensitive in expanding debt for meeting their financing needs than in using surplus for retiring debt.

Scientific Research An Academic Publisher. Evidence from Chinese Listed Companies. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. You can help correct errors and omissions. You can help adding them by using this form. Theoretical Economics LettersVol. It also allows you to accept potential citations to litxenberger item that we are uncertain about. The increasing adjustment speeds are attributed to the shrinking transaction costs and agency costs caused by recent currency and share-split structure reforms.

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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.

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A State-Preference Model of Optimal Financial Leverage

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.

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KRAUS AND LITZENBERGER 1973 PDF

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.

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