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Behavioral finance: How matters stand

✍ Scribed by Nico L. van der Sar

Book ID
108187410
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
228 KB
Volume
25
Category
Article
ISSN
0167-4870

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## ABSTRACT The notion that firms have a debt ratio target that is a primary determinant of financing behavior is influential in finance. Yet, how definitive is the evidence? We address this issue by generating samples where financing is unrelated to a firm's current debt ratio or a target. We find