A Comparative Analysis of Proxies for an Optimal Leverage Ratio
Objective: Optimal leverage is one of the anchors of capital structure studies. These studies have used a wide range of debt ratios as the optimal ratio; however, the choice of the proxy can influence the results of the studies. Method: This paper aims to scrutinize the best optimal leverage between...
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| Format: | Article |
| Language: | fas |
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University of Isfahan
2019-06-01
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| Series: | Journal of Asset Management and Financing |
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| Online Access: | https://amf.ui.ac.ir/article_23537_9266e995f10f52ed8587e55b3024e022.pdf |