Purpose: The authors examine the impact of asymmetric information on firm's financing decisions, the feedback effect of changes in capital structure on the level of asymmetric information, and the speed of adjustments in capital structure on its target leverage. ...

Purpose: The authors examine the impact of credit, liquidity and operational risks on the financial performance of commercial banks of South Asia. Design/methodology/approach: Data are extracted from DataStream of 76 commercial banks of four countries, i.e. Pakistan, India, Bangladesh and Sri...