Empirical Evidence of Target Leverage, Adjustment Costs and Adjustment Speed of Non-Financial Firms in Selected African Countries

The issue of target leverage for corporate firms in developing countries has received little attention in extant literature, especially countries in Africa. Given the imperfection that exists in African financial markets that may limit firms access to external capital, this study investigates dynami...

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Bibliographic Details
Published in:International journal of economics and financial issues 2015, Vol.5 (2)
Main Authors: Etudaiye-Muhtar, Oyebola Fatima, Ahmad, Rubi
Format: Article
Language:English
Subjects:
Bankruptcy
Bond markets
Capital structure
Corporate culture
Costs
Developing countries
Finance companies
Industrialized nations
Investigations
Investments
LDCs
Leverage
Macroeconomics
Stock exchanges
Target markets
Taxes
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