Kim, Hyesung; Heshmati, Almas; Aoun, Dany - In: Asian Economic Journal 20 (2006) 3, pp. 275-302
In this paper, we develop a model of dynamic capital structure choice based on a sample of Korean manufacturing firms and estimate the unobservable optimal capital structure using a wide range of observable determinants. Unbalanced panel data of Korean listed firms for the period 1985-2002 is...