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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Morais, F., Serrasqueiro, Z. & Ramalho, J. J. S. (2022). Capital structure speed of adjustment heterogeneity across zero leverage and leveraged European firms. Research in International Business and Finance. 62
Exportar Referência (IEEE) 
F. Morais et al.,  "Capital structure speed of adjustment heterogeneity across zero leverage and leveraged European firms", in Research in Int. Business and Finance, vol. 62, 2022
Exportar BibTeX 
@article{morais2022_1714711279424,
	author = "Morais, F. and Serrasqueiro, Z. and Ramalho, J. J. S.",
	title = "Capital structure speed of adjustment heterogeneity across zero leverage and leveraged European firms",
	journal = "Research in International Business and Finance",
	year = "2022",
	volume = "62",
	number = "",
	doi = "10.1016/j.ribaf.2022.101682",
	url = "http://www.scopus.com/inward/record.url?eid=2-s2.0-85131635590&partnerID=MN8TOARS"
}
Exportar RIS 
TY  - JOUR
TI  - Capital structure speed of adjustment heterogeneity across zero leverage and leveraged European firms
T2  - Research in International Business and Finance
VL  - 62
AU  - Morais, F.
AU  - Serrasqueiro, Z.
AU  - Ramalho, J. J. S.
PY  - 2022
SN  - 0275-5319
DO  - 10.1016/j.ribaf.2022.101682
UR  - http://www.scopus.com/inward/record.url?eid=2-s2.0-85131635590&partnerID=MN8TOARS
AB  - This paper investigates whether leveraged and zero-leverage firms pursue or not a debt target level and, if so, how fast they adjust to that target. We also investigate how the influence of firms’ debt policy on capital structure speed of adjustment (SOA) changes with different financial systems, macroeconomic conditions, financial constraints and financial flexibility levels. Using the dynamic panel fractional estimator and a sample of European listed firms for the 1995–2016 period, we find that both zero-leverage and leveraged firms actively adjust to a target debt ratio. We also find that, in general, leveraged firms display a significantly higher SOA than zero-leverage firms (27.6 % vs. 22.1 %), with only two exceptions: there are no significant differences when the analysis is restricted to financially constrained firms; and during the 2008 financial crisis zero-leverage firms adjusted significantly faster (46.8 %) than leveraged firms (25.6 %) and relative to non-crisis years (21.6 %).
ER  -