Seize the moment: opportunism in Australian capital markets

dc.contributor.author	Koh, S.
dc.contributor.author	Durand, Robert
dc.contributor.author	Watson, I.
dc.date.accessioned	2017-01-30T11:48:37Z
dc.date.available	2017-01-30T11:48:37Z
dc.date.created	2012-03-08T20:00:44Z
dc.date.issued	2011
dc.identifier.citation	Koh, SzeKee and Duranda, Robert B. and Watson, Iain. 2011. Seize the moment: Opportunism in Australian capital markets. Pacific-Basin Finance Journal. 19 (4): pp. 374–389.
dc.identifier.uri	http://hdl.handle.net/20.500.11937/15226
dc.identifier.doi	10.1016/j.pacfin.2011.01.003
dc.description.abstract	This paper examines theories of capital structure using a dataset of listed Australian companies from 1993 to 2005. Companies appear to have target leverage but they take advantage of favorable firm characteristics to achieve these targets. Issuers issue debt when they are profitable. When firms are profitable and perform well in the market, they will issue both debt and equity.
dc.publisher	Elsevier BV
dc.subject	Opportunistic behavior
dc.subject	Capital structure
dc.subject	Dynamic leverage behavior
dc.title	Seize the moment: opportunism in Australian capital markets
dc.type	Journal Article
dcterms.source.volume	19
dcterms.source.startPage	374
dcterms.source.endPage	389
dcterms.source.issn	0927538X
dcterms.source.title	Pacific Basin Finance Journal
curtin.department	School of Economics and Finance
curtin.accessStatus	Fulltext not available