Construct · 1 fields · 1 citations

capital structure persistence: a standalone construct

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capital structurepersistence1 CONSTRUCTCapital structureLEMMON · CORPORATE FINANCE

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Corporate finance

the stability of firms' leverage over decades, largely explained by an unobserved firm-specific component set early in life.

In corporate finance, capital structure persistence refers to the stability of firms' leverage over decades, largely explained by an unobserved firm-specific component set early in life. This meaning comes from Lemmon (2008) in The Journal of Finance.[1]

Unit
Recovery means
Measured by

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Nearby constructs

capital structure4 names · 6 citationsjangle · one leverage choice, rival theoriescapital2 fields · 3 citationsjingle · one word, two constructscomponent3 fields · 5 citationsjingle · one word, three constructs

References

  1. Lemmon, M. L., Roberts, M. R., & Zender, J. F. (2008). Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure. The Journal of Finance, 63(4), 1575-1608. https://doi.org/10.1111/j.1540-6261.2008.01369.x

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