Heterogeneity in the Speed of Capital Structure Adjustment across Countries and over the Business Cycle

Author:

Drobetz Wolfgang1,Schilling Dirk C.2,Schröder Henning1

Affiliation:

1. Hamburg Business School; University of Hamburg; Von-Melle-Park 5 20146 Hamburg Germany

2. HDI-Gerling Industrial Insurance Company; 10 Fenchurch Street London EC3M 3BE UK

Publisher

Wiley

Subject

General Economics, Econometrics and Finance,Accounting

Reference88 articles.

1. Creditor rights and corporate risk taking’;Acharya;Journal of Financial Economics,2011

2. Cross-country variations in capital structures: the role of bankruptcy codes’;Acharya;Journal of Financial Intermediation,2010

3. Financial contagion’;Allen;Journal of Political Economy,2000

4. The determinants of capital structure: capital market-oriented versus bank-oriented institutions’;Antoniou;Journal of Financial and Quantitative Analysis,2008

5. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations’;Arellano;Review of Economic Studies,1991

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