The optimal speed of adjustment
OPTIMAL CAPITAL STRUCTURE AND LEVERAGE ADJUSTMENT SPEED OF EUROPEAN PUBLIC AND PRIVATE FIRMS
... the adjustment speed of the firms with a financial surplus and those with a financial deficit are more evident in the models with the long-term debt, implying that the financial surplus is being primarily ...
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Speed of Adjustment of Capital Structure in Emerging Markets
... 535 creases firm value. In such a case, all firms should go for 100% debt financing, but this is not true in the real world. Observing this, they argued that along with benefits, debt also has costs in the form of ...
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Alternative Perspectives on Optimal Public Debt Adjustment
... slow speed, as in Adam ...unconditionally optimal economy converges to following the productivity shock was below the non-stochastic steady state, which is di¤erent from the convergence seen following ...
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Heterogeneity in the Speed of Adjustment to Target Leverage: A UK Study
... partial adjustment model to test for the existence of a target leverage ratio which firms actively adjust towards, and to estimate the speed at which adjustment takes ...speedy adjustment to ...
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What Determines the Speed of Adjustment to the Target Capital Structure?
... and optimal leverage may differ due to the presence of ad- justment ...of adjustment costs in a dynamic ...partial adjustment to long-run financial targets. In their setup the speed of ...
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Adjustment speed towards target capital structure and its determinants in Pakistan
... the adjustment speed towards target capital structure, determining the factors affecting the adjustment speed towards target capital structure, and identifying the factors affecting the target ...
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What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment?
... A similar reasoning about the importance of frictions for reallocation can be applied to the dramatic adjustment episodes of less-developed and post-soviet countries. Indeed, CH (1996a) study the implications of ...
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Determinants of Capital Structure and Speed of Adjustment in. Nigerian Non-financial Firms
... the adjustment benefits and costs are influenced by profitability, while Lemma and Negash (2014) show evidence of a lower cost of rebalancing towards optimal leverage for profitable ...
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Review Article Regarding Possibilities for Speed Adjustment at Reluctance Synchronous Motors
... 3. The review of the literature about the RSM command on the basis of the position sensors utilization clearly shows that the most recent researches are focussed on the development of the optimal command ...
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Asymmetric adjustment toward optimal capital structure: Evidence from a crisis
... asymmetric adjustment speeds conditional on the firm-specific variables proxying for financial ...higher adjustment speeds possibly because of lower adjustment costs that can be shared with the ...
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Target leverage and speed of adjustment along the life cycle of European listed firms
... adjustment speed. Our contribution to the line of research on optimal cap- ital structure is ...the speed of adjustment to target levels depend on the stage of the firm, as the capital ...
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Speed Limit Policies: The Output Gap and Optimal Monetary Policy
... a speed limit policy against other policy ...inßation adjustment is predominately backward looking. And while optimal inßation targeting involves appointing a weight-conservative central banker who ...
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Speed of Adjustment in Cointegrated Systems
... Overall the results in Tables 3-4 show that long-run PPP, interpreted as stationary real exchange rates, seems to hold for both country pairs over the period 1985.09-1998.12. Even if the persistence of each estimated ...
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The Adjustment Speed of Employment at Foreign-Owned Firms
... adjustment speed of employment at foreign-owned is faster than that at domestically-owned ...the adjustment speed of employment at foreign-owned firms was slightly higher than at ...
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Speed of information adjustment in Indian stock indices
... of adjustment estimators The speed of adjustment estimators (AR (1), ARMA (1), and ARMA (1, X )) for the indices of the NSE and the BSE are given in Tables 4A and 4B respectively, while the cross- ...
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The Adjustment Speed of Employment at Foreign-Owned Firms
... This is confirmed by Tomiyama (2001), who finds that firms with a strong main-bank relationship display a slower adjustment speed of employment. Since it is generally assumed that foreign-owned firms value ...
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On the Optimal Speed Profile for Electric Vehicles
... what speed or torque profile should the vehicle follow to minimize its energy consumption over a certain distance within a desired trip time? Various techniques to obtain globally optimal energy-efficient ...
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How wages respond to shocks: asymmetry in the speed of adjustment
... 21 The measure of competition is based on company managers’ perception. The estimated results exhibit strong similarities among the first three sets of regression estimates, where the dependent variables are constructed ...
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Speed of Adjustment and Financial Constraints: Evidence from the UK
... The purpose of this estimation is to capture the distance, DIST ( 𝑇𝑎𝑟𝑔𝑒𝑡 𝐿𝑒𝑣𝑒𝑟𝑎𝑔𝑒 𝑖𝑡+1 − 𝐿𝑒𝑣𝑒𝑟𝑎𝑔𝑒 𝑖𝑡 ). This is the level leverage must increase or decrease for firms to adjust back to target. The value would be negative ...
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