Ghazouani, Tarek - In: International Journal of Economics and Financial Issues 3 (2013) 3, pp. 625-636
of a dynamic model of adjustment to target leverage ratio. This validation leads to test two complementary successive … models, the first is a static, while the second is a dynamic model that incorporates transaction costs variable to see how we …. While for the dynamic model, the most remarkable result is manifested at the level of the adjustment costs that are …