The purpose of this paper is to investigate whether there are differences between the determinants of the capital structure in financial and manufacturing firms and also assess how the speed of adjustment differs. To the best of the knowledge, this is the first paper to empirically test how capital structure differ between banks and non-financial institutions.
The purpose of this paper is to investigate whether there are differences between the determinants of the capital structure in financial and manufacturing firms and also assess how the speed of adjustment differs. To the best of the knowledge, this is the first paper to empirically test how capital structure differ between banks and non-financial institutions.