Leverage adjustment after mergers and acquisitions
© 2015 AFAANZ. Australian firms have leverage targets. Speeds of adjustment to a target capital structure are higher than previously published estimates when there are major disruptions to firms' leverage ratios. Firms exploit company-specific characteristics to achieve these targets. Profitabi...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Blackwell Publishing
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/32511 |
| _version_ | 1848753683801571328 |
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| author | Khoo, J. Durand, Robert Rath, S. |
| author_facet | Khoo, J. Durand, Robert Rath, S. |
| author_sort | Khoo, J. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 2015 AFAANZ. Australian firms have leverage targets. Speeds of adjustment to a target capital structure are higher than previously published estimates when there are major disruptions to firms' leverage ratios. Firms exploit company-specific characteristics to achieve these targets. Profitability and cash levels are important drivers of the speeds of adjustment. Firms, which have lower profitability or higher cash levels, appear to adjust faster. |
| first_indexed | 2025-11-14T08:28:25Z |
| format | Journal Article |
| id | curtin-20.500.11937-32511 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:28:25Z |
| publishDate | 2015 |
| publisher | Blackwell Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-325112017-09-13T15:24:46Z Leverage adjustment after mergers and acquisitions Khoo, J. Durand, Robert Rath, S. © 2015 AFAANZ. Australian firms have leverage targets. Speeds of adjustment to a target capital structure are higher than previously published estimates when there are major disruptions to firms' leverage ratios. Firms exploit company-specific characteristics to achieve these targets. Profitability and cash levels are important drivers of the speeds of adjustment. Firms, which have lower profitability or higher cash levels, appear to adjust faster. 2015 Journal Article http://hdl.handle.net/20.500.11937/32511 10.1111/acfi.12148 Blackwell Publishing restricted |
| spellingShingle | Khoo, J. Durand, Robert Rath, S. Leverage adjustment after mergers and acquisitions |
| title | Leverage adjustment after mergers and acquisitions |
| title_full | Leverage adjustment after mergers and acquisitions |
| title_fullStr | Leverage adjustment after mergers and acquisitions |
| title_full_unstemmed | Leverage adjustment after mergers and acquisitions |
| title_short | Leverage adjustment after mergers and acquisitions |
| title_sort | leverage adjustment after mergers and acquisitions |
| url | http://hdl.handle.net/20.500.11937/32511 |