Firms’ speed of adjustment and rational financing behaviour: Malaysian evidence
Malaysian firms which are examined based on a dynamic framework appear to practice target capital structure and take into account certain firm characteristics in their capital structure decisions. These firms readjust instantaneously when they are off the target indicating low adjustment cost wh...
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| Format: | Article |
| Language: | English |
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2014 Inderscience Enterprises Ltd. , UK
2014
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| Online Access: | http://irep.iium.edu.my/32530/ http://irep.iium.edu.my/32530/ http://irep.iium.edu.my/32530/4/JGBA_7%25282%2529_Paper_5_live.pdf |