Does CEO education influence the target leverage and speed of adjustment?
This study addresses the importance of unobservable factor (CEO education) as the determinant of firm leverage along two stages: target leverage and speed of adjustment towards target leverage. Based on two-step GMM system, this study sheds light on the role of CEO education in these two stages and...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Innovare Academics Sciences
2020
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| Online Access: | http://psasir.upm.edu.my/id/eprint/88505/1/Does%20CEO%20education%20influence%20the%20target%20leverage%20.pdf |