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- W2262749190 abstract "This paper examines the nature and determinants of the capital structure choice of Jordanian non-financial listed companies. This paper also studies the impact of the financial and economic liberalization on the capital structure choice of these companies. The move from a relatively highly controlled to a more liberalized financial system since the early-1990s should have a significant impact on the extent and nature of the financial decisions of companies. The findings of this paper suggest that while much of the explanatory powers of main stream capital structure theories are applicable to the Jordanian companies. The empirical evidence also shows that the 1990s liberalization did affect their financial decisions. Moreover, the findings of the paper suggest that Jordanian companies have target leverage ratios and following the financial liberalization, their speed of adjustment to these ratios have, as unexpected, decreased." @default.
- W2262749190 created "2016-06-24" @default.
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- W2262749190 date "2004-04-05" @default.
- W2262749190 modified "2023-09-26" @default.
- W2262749190 title "The Capital Structure Choice and Financial Market Liberalization: Evidence from the Small Developing Country of Jordan" @default.
- W2262749190 hasPublicationYear "2004" @default.
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