Aybar-Arias, Cristina; Casino-Martínez, Alejandro; … - In: Small Business Economics 39 (2012) 4, pp. 977-996
adjustment model in which both target leverage and speed of adjustment are simultaneously endogenized. We provide empirical … evidence on the determinants of target leverage and the speed of adjustment. More specifically, the rate of financial …The aim of this paper is to analyse the speed of adjustment of small and medium-sized enterprises (SMEs) to the target …