structure targets in Pakistan for all five industrial groups. We found that the capital structure adjustment speed significantly … capital structure adjustment speed. However, the empirical results fail to validate the effect of the inflation and market … capitalization on the capital structure adjustment speed. The Granger causality test results show that a unidirectional causality …

structure targets in Pakistan for all five industrial groups. We found that the capital structure adjustment speed significantly … capital structure adjustment speed. However, the empirical results fail to validate the effect of the inflation and market … capitalization on the capital structure adjustment speed. The Granger causality test results show that a unidirectional causality …