Showing 121 - 130 of 929,532
, we use a dynamic adjustment model, and panel data methodology on a sample of UK and US firms to specifically establish …
Persistent link: https://www.econbiz.de/10005649415
We use a dynamic adjustment model and panel methodology to investigatethe determinants of a time- varying optimal … well asmacroeconomic factors on the speed of adjustment to the target leverage.Our sample comprises a panel of 90 Swiss …
Persistent link: https://www.econbiz.de/10009024981
We use a dynamic adjustment model and panel methodology to investigate the determinants of a time-varying optimal … well as macroeconomic factors on the speed of adjustment to the target leverage. Our sample comprises a panel of 90 Swiss …
Persistent link: https://www.econbiz.de/10005515664
This paper investigates the dynamics of capital structure of Japanese firms since the early 1990s to shed light on how far the reduction of excess leverage has progressed so far in Japan. Our main findings are as follows. First, the trade-off theory provides an appropriate framework to assess...
Persistent link: https://www.econbiz.de/10010894586
We develop a non-dynamic panel smooth transition regression model with fixed individual effects. The model is useful … generalization of the threshold panel model of Hansen (1999). We extend the modelling strategy for univariate smooth transition … regression models to the panel context. This comprises of model specification based on homogeneity tests, parameter estimation …
Persistent link: https://www.econbiz.de/10003073836
, Netherlands, Norway, Spain, Sweden and USA. The estimation of panel data econometric model is made feasible through the Eviews …
Persistent link: https://www.econbiz.de/10013135513
OECD. The elaboration of these panel data is made feasible by means of the Eviews software package …
Persistent link: https://www.econbiz.de/10013117125
In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data from 1984 to 1992. An investment Euler equation is derived from a dynamic optimization model with debt ceilings and an elastic credit supply. The model is estimated by GMM for...
Persistent link: https://www.econbiz.de/10013124260
We examine which methods are appropriate for estimating dynamic panel data models in empirical corporate finance. Our …
Persistent link: https://www.econbiz.de/10013069483
What is the effect of funding costs on the conditional probability of issuing a corporate bond? We study this question in a novel dataset covering 5,610 issuances by US firms over the period from 1990 to 2014. Identification of this effect is complicated because of unobserved, common shocks such...
Persistent link: https://www.econbiz.de/10012964789