Financial Leverage and Debt Maturity Targeting: International Evidence

We provide evidence on leverage and debt maturity targeting in a large international setting. There are key differences in the relative importance of institutional factors in explaining actual as opposed to target capital structures. Targets and target deviations are plausibly influenced by the inst...

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Bibliographic Details
Main Authors: Ali Gungoraydinoglu, Özde Öztekin
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Journal of Risk and Financial Management
Subjects:
Online Access:https://www.mdpi.com/1911-8074/14/9/437