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The impact of COVID-19 economic crisis on the speed of adjustment toward target leverage ratio: An international analysis

This paper investigates changes in the speed of adjustment toward target leverage ratio under the impact of COVID-19 economic crisis. Using an international sample of publicly listed firms, we find that, on average, firms tend to adjust their capital structure more rapidly in the period following th...

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Detalles Bibliográficos
Autores principales: Vo, Thuy Anh, Mazur, Mieszko, Thai, An
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8856894/
https://www.ncbi.nlm.nih.gov/pubmed/35221816
http://dx.doi.org/10.1016/j.frl.2021.102157