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Speed of adjustment toward capital structure in cross border and cross industry mergers and acquisitions
2019
Pressacademia
Purpose -In this study, the speed of adjustment (SOA) toward target capital structure is investigated in cross border and cross industry mergers and acquisitions (M&A). Methodology -As a measure of capital structure both book leverage (BLEV) and market leverage (MLEV) ratios are used in the analysis. The sample consists of 6,520 M&A deals for the period of 2000-2016. Findings -The findings show that for both the BLEV and MLEV, the cross border M&A deals move faster toward the target capital
doi:10.17261/pressacademia.2019.1014
fatcat:oco4hhvfxvfxno7z5gpl6ftsau