Chasiotis, Ioannis; Konstantios, Dimitrios; Naoum, … - In: Cogent economics & finance 10 (2022) 1, pp. 1-12
This study investigates asymmetries in the capital structure speed of adjustment in the case of a capital-intensive industry. Employing a sample of globally listed maritime, manufacturing and services firms between 1995 and 2020, we estimate a regime-switching partial adjustment model, to test...