Dynamic capital structure and partial adjustment frameworks
I compare ordinary least squares and the Kalman filter as possible estimation tools for partial adjustment models of dynamic capital structure. I find that the latter is more suited, as it can handle forms of endogeneity and measurement error. While the firms in my sample adjust their capital str...
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| Language: | English |
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2009
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| Online Access: | http://hdl.handle.net/2429/17276 |