Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 4 of 4 for “"leverage adjustment"”.
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Leverage Adjustment and Credit Risk
… discuss the capital structure target, speed of adjustment and effect of speed of adjustment on credit risk.</p> <p><strong>Ⅰ:</strong> We standardize leverage ratio by underlying business risk. The methodology of standardization follows the assumption that asset value follows a geometric …
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Determinants of corporate leverage adjustments: A cross-country analysis
… that firms are very likely to consider target leverage ratios when they issue new capital (Graham & Harvey, 2001). Albeit the dynamic trade-off theory predicts that firms have incentives to move toward target debt ratios by reducing any deviation from those targets (Frank & Goyal, 2009), due to …
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Four essays on capital structure dynamics: special reference to level of leverage, state ownership, corporate governance and climate risk
… that investigate the issues regarding speed of adjustment of capital structure (SOA). Since any deviation in the observed leverage from the optimal level will reduce a firm’s value, the questions pertaining to the existence of target capital structure and how fast firms adjust their leverage …
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Three essays on corporate default prediction : special reference to corporate governance, default correlation and capital structure dynamics
… default correlations and capital structure adjustment. Granting a loan requires mutual trust between lenders and borrower and depends on the flow of information. The relevance and the accuracy of the information are necessary to ensure the best judgement about the creditworthiness of …