search query: @indexterm capital structure of companies / total: 353
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| Author: | Flannery, M.J. Rangan, K.P. |
| Title: | Partial adjustment toward target capital structures |
| Journal: | Journal of Financial Economics
2006 : MAR, VOL. 79:3, p. 469-506 |
| Index terms: | capital structure of companies corporate finance gearing |
| Language: | eng |
| Abstract: | This article examines whether companies have long-run capital structure targets and if so, what is the pace of adjustment toward them. The authors present a partial adjustment model of company leverage, which suggests that companies do have target capital structures. |
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