Naval Postgraduate School
Dudley Knox Library
NPS Dudley Knox Library
View Item 
  •   Calhoun Home
  • Faculty and Researchers
  • Faculty and Researchers' Publications
  • View Item
  •   Calhoun Home
  • Faculty and Researchers
  • Faculty and Researchers' Publications
  • View Item
  • How to search in Calhoun
  • My Accounts
  • Ask a Librarian
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse

All of CalhounCollectionsThis Collection

My Account

LoginRegister

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors

On the Determinants of Firm Leverage: Evidence from a Structural Estimation

Thumbnail
Download
IconSSRN-id1669014.pdf (264.7Kb)
Download Record
Download to EndNote/RefMan (RIS)
Download to BibTex
Author
Menichini, Amilcar A.
Date
2014-09
Metadata
Show full item record
Abstract
I provide further evidence on the determinants of corporate capital structure by estimating a dynamic trade-off model of the firm that includes investment, leverage, and payout decisions. The structural model generates a leverage ratio that oscillates around a long-run, time-invariant level and consistently reproduces the convergence and stability of leverage reported by Lemmon, Roberts, and Zender (2008). The dynamic model sheds light on the role played by the primitive characteristics of the firm (e.g., production technology) to explain the cross-sectional variation in capital structure. I use Efficient Method of Moments (EMM) to recover the structural parameters.
Description
The article of record as published may be found at http://dx.doi.org/10.2139/ssrn.1669014
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
URI
http://hdl.handle.net/10945/65373
Collections
  • Faculty and Researchers' Publications

Related items

Showing items related by title, author, creator and subject.

  • Thumbnail

    On the Determinants of Firm Leverage: A Structural Dynamic Estimation 

    Menichini, Amilcar A. (Monterey, California: Naval Postgraduate School., 2012-01-27);
    I provide further evidence on the determinants of corporate capital structure by estimating a dynamic trade-o¤ model of the rm that includes investment, leverage, and payout de- cisions. The structural model generates ...
  • Thumbnail

    On the Determinants of Firm Leverage: Evidence from a Structural Estimation 

    Menichini, Amilcar (Emerald Group Publishing Limited, 2018-02-15);
    Purpose – The purpose of this paper is to investigate the phenomena of convergence and stability of leverage reported by Lemmon et al. (2008). Design/methodology/approach – A dynamic trade-off model of the firm was ...
  • Thumbnail

    Survivability design of ground systems for area defense operation in an urban scenario 

    Goh, Wei Jun (Monterey, California: Naval Postgraduate School, 2014-09);
    This thesis applies a systems engineering approach to determine significant ground system design factors that impact the mission objectives of an urban area defense operation. The shift in conventional warfare to urban ...
NPS Dudley Knox LibraryDUDLEY KNOX LIBRARY
Feedback

411 Dyer Rd. Bldg. 339
Monterey, CA 93943
circdesk@nps.edu
(831) 656-2947
DSN 756-2947

    Federal Depository Library      


Start Your Research

Research Guides
Academic Writing
Ask a Librarian
Copyright at NPS
Graduate Writing Center
How to Cite
Library Liaisons
Research Tools
Thesis Processing Office

Find & Download

Databases List
Articles, Books & More
NPS Theses
NPS Faculty Publications: Calhoun
Journal Titles
Course Reserves

Use the Library

My Accounts
Request Article or Book
Borrow, Renew, Return
Tech Help
Remote Access
Workshops & Tours

For Faculty & Researchers
For International Students
For Alumni

Print, Copy, Scan, Fax
Rooms & Study Spaces
Floor Map
Computers & Software
Adapters, Lockers & More

Collections

NPS Archive: Calhoun
Restricted Resources
Special Collections & Archives
Federal Depository
Homeland Security Digital Library

About

Hours
Library Staff
About Us
Special Exhibits
Policies
Our Affiliates
Visit Us

NPS-Licensed Resources—Terms & Conditions
Copyright Notice

Naval Postgraduate School

Naval Postgraduate School
1 University Circle, Monterey, CA 93943
Driving Directions | Campus Map

This is an official U.S. Navy Website |  Please read our Privacy Policy Notice  |  FOIA |  Section 508 |  No FEAR Act |  Whistleblower Protection |  Copyright and Accessibility |  Contact Webmaster

Export search results

The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

A logged-in user can export up to 15000 items. If you're not logged in, you can export no more than 500 items.

To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.