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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...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier Inc.
2022
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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 |