scholarly journals Why Do Over-Deviated Firms from Target Leverage Undertake Foreign Acquisitions?

2018 ◽  
Author(s):  
Yousry Ahmed ◽  
Tamer Elshandidy
Keyword(s):  
Foreign Acquisitions ◽  
Target Leverage

scholarly journals Capital Structure Decisions around the World: Which Factors Are Reliably Important?

2015 ◽  
Vol 50 (3) ◽  
pp. 301-323 ◽  
Author(s):  
Özde Öztekin
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Creditor Protection ◽  
High Quality ◽  
Large Sample ◽  
The World ◽  
Adjustment Speed ◽  
Target Leverage ◽  
Debt Holders

AbstractThis article examines the international determinants of capital structure using a large sample of firms from 37 countries. The reliable determinants for leverage are firm size, tangibility, industry leverage, profits, and inflation. The quality of the countries’ institutions affects leverage and the adjustment speed toward target leverage in significant ways. High-quality institutions lead to faster leverage adjustments, whereas laws and traditions that safeguard debt holders relative to stockholders (e.g., more effective bankruptcy procedures and stronger creditor protection) lead to higher leverage.

The Differential Impact of Risk Preferences of Board on Ownership Decisions in Foreign Acquisitions

2021 ◽  
Vol 2021 (1) ◽  
pp. 15943
Author(s):  
Fatemeh Askarzadeh ◽  
Krista Lewellyn ◽  
Habib Ashraful Islam ◽  
Kaveh Moghaddam
Keyword(s):  
Risk Preferences ◽  
Differential Impact ◽  
Foreign Acquisitions

Foreign Acquisitions: Frustration and Fun!

1991 ◽  
Vol 3 (5) ◽  
pp. 75-81 ◽  
Author(s):  
Linda S. Vertrees
Keyword(s):  
Foreign Acquisitions

scholarly journals Empirical Investigation of Symmetric and Asymmetric Target Adjustment Models: Capital Structure of Non-Financial Firms in Jordan

2017 ◽  
Vol 9 (3) ◽  
pp. 133 ◽  
Author(s):  
Bashar K. Abu Khalaf
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Interaction Model ◽  
Firm Characteristics ◽  
Leverage Ratio ◽  
Financial Firms ◽  
Large Size ◽  
Amman Stock Exchange ◽  
Target Leverage ◽  
The Impact

The different capital structure theories propose the possible asymmetric behavior of capital structure. Thus, this paper empirically investigates whether non-financial Jordanian firms follow symmetrical or asymmetrical adjustment model. Then, an interaction model with the size and profitability (firm characteristics) investigated the impact of low/high profit and small/large size on the adjustment of leverage towards the target leverage ratio. This paper covered the period of 14 years (2002-2015) for a total of 110 companies listed on Amman Stock Exchange (75 industrial and 35 services). Results indicate that although Jordanian firms seek a target leverage ratio, their adjustment towards that target is Asymmetrical and high profitable and large companies tend to adjust faster than low profitable and small size companies.

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