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المؤلفRamzi, Benkraiem
المؤلفBen-Nasr, Hamdi
المؤلفNechi, Salem
المؤلفRjiba, Hatem
تاريخ الإتاحة2023-07-26T11:04:59Z
تاريخ النشر2023-02-10
اسم المنشورFinance Research Letters
المعرّفhttp://dx.doi.org/10.1016/j.frl.2023.103688
الاقتباسBenkraiem, R., Ben-Nasr, H., Nechi, S., & Rjiba, H. (2023). Stock price crash risk and leverage dynamics: Evidence from the GCC countries. Finance Research Letters, 54, 103688.
الرقم المعياري الدولي للكتاب1544-6123
معرّف المصادر الموحدhttps://www.sciencedirect.com/science/article/pii/S1544612323000624
معرّف المصادر الموحدhttp://hdl.handle.net/10576/46354
الملخصThis paper examines the impact of stock price crash risk on capital structure dynamics using a sample of firms located in the GCC region. The results show that a higher exposure to stock price crash risk is associated with a lower speed of leverage adjustments toward target. We also find that this relation is more pronounced for over-levered firms compared to their under-levered peers. Our results withstand several sensitivity tests including, using alternative proxies for main dependent and independent variables, and ruling out endogeneity concerns, among other.
اللغةen
الناشرElsevier
الموضوعStock price crash risk
Information asymmetry
Speed of leverage adjustment
العنوانStock price crash risk and leverage dynamics: Evidence from the GCC countries
النوعArticle
رقم المجلد54
ESSN1544-6131
dc.accessType Full Text


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