Dynamic Adjustment of Corporate Leverage: Is there a lesson to learn from the Recent Asian Crisis?
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- Nigel Driffield & Vidya Mahambare & Sarmistha Pal, 2005. "Dynamic Adjustment of Corporate Leverage: Is there a lesson to learn from the Recent Asian Crisis?," Finance 0505011, University Library of Munich, Germany.
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More about this item
Keywords
Moral hazard; Optimum leverage; Dynamic model; Speed of adjustment;All these keywords.
JEL classification:
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CWA-2004-05-09 (Central and Western Asia)
- NEP-IFN-2004-05-09 (International Finance)
- NEP-SEA-2004-05-09 (South East Asia)
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