Unobservable effects and speed of adjustment to target capital structure

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Unobservable effects and speed of adjustment to target capital structure

The paper investigates whether unobservable firm-specific effects such as managerial ability is a major component of the target capital structure. We apply the system generalized method of moments that accounts for unobservable firm-specific effects. Our results reveal that unobservable firm-specifi...

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Bibliographic Details
Main Authors:	Matemilola, Bolaji Tunde, Amin Noordin, Bany Ariffin, Wan Ngah, Wan Azman Saini, Md Nassir, Annuar
Format:	Article
Language:	English
Published:	Universiti Malaysia Sarawak 2015
Online Access:	http://psasir.upm.edu.my/id/eprint/46813/ http://psasir.upm.edu.my/id/eprint/46813/1/Unobservable%20effects%20and%20speed%20of%20adjustment%20to%20target%20capital%20structure.pdf

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