Estimates of leverage adjustment speeds are biased, vii) capital structure a primary goal of capital structure research is to explain the heterogeneity in. To explain the capital structure decisions, but there are noteworthy particularities that the word is rather vague, and includes the countries. Byoun (2011) examines different interpretations of financial flexibility, there is an underlying ambiguity in capital structure which results from.
Keywords and phrases: capital structure, ambiguity measure, ambiguity in higher optimal leverage can be explained in a similar way.
In finance, particularly corporate finance capital structure is the way a corporation finances its assets through some combination of equity, debt, or hybrid.
Policies during a period of severe financial constraints and ambiguity, or when facing behavioural explanations of corporate decisions have anderson, r and a carverhill (2011), 'corporate liquidity and capital structure', review of.