G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

• Do Firms Adjust Toward a Target Leverage Level?

  Staff Working Paper 2007-50 Zhaoxia Xu

  This paper studies capital structure adjustment mechanisms of firms that experience substantial changes in leverage.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, International topics JEL Code(s): G, G3, G32

• Cyclical Behavior of Debt and Equity Using a Panel of Canadian Firms

  Staff Working Paper 2007-44 Francisco Covas, Wouter den Haan

  We document the cyclical behavior of debt, equity, and retained earnings for different firm categories using firm-level Canadian data.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles JEL Code(s): E, E3, E32, G, G3, G32