Kasbi, Salma - Université Paris-Dauphine (Paris IX) - 2009
We investigate the capital structure dynamics of a panel of 766 firms from five Western Europe countries: France, Italy …, UK, Germany and Switzerland over the period 1996-2007. If firms adjust their capital structure towards an optimal level … to increase the risk of their undiversified portfolio. However, if firms are indifferent towards their capital structure …