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Target Behavior and Financing: How Conclusive Is the Evidence?

โœ Scribed by XIN CHANG; SUDIPTO DASGUPTA

Book ID
109176603
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
216 KB
Volume
64
Category
Article
ISSN
0022-1082

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Target Behavior and Financing: How Concl
Target Behavior and Financing: How Conclusive Is the Evidence?
โœ XIN CHANG; SUDIPTO DASGUPTA ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 216 KB

## 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