How Stable Are Corporate Capital Structures

By Clifford S. Ang. 2015

320 citations recorded by the source corpus.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/3b0e6a8ef4b57faf2ac7280685c0e67aa83c3734

Citations in the corpus

• Corporate Deleveraging and Financial Flexibility (2018, unknown): “Specifically, five prior studies report modest average leverage decreases over long horizons for firms with high and/or recently increased leverage (Leary and Roberts 2005; Lemmon, Roberts, and Zender 2008; Harford, Klasa, and Walcott 2009; Denis and McKeon 2012; DeAngelo and Roll 2015).”
• An empirical investigation of capital structure and firm value in Vietnam (2017, unknown): “This is despite DeAngelo and Roll (2015) who state that most firms keep the ratio below 0.5 so to avoid financial distress.”
• The international zero-leverage phenomenon (2013, unknown): “DeAngelo and Roll (2012) analyze leverage stability and document that it arises only infrequently and then largely when firms have low leverage; nevertheless, very low leverage is almost always temporary.”