20.500.12556/RUL-121967 Optimal capital structure and leverage adjustment speed of european public and private firms Optimalna struktura kapitala in hitrost prilagajanja zadolženosti evropskih javnih in zasebnih podjetij In this research paper, the dynamic trade-off theory is tested by applying European public and private firms, since as much of the existing research remains in the US public firm context only. The results of our research show that European firms, both private and public, follow the optimal capital structure path consistent with the dynamic trade-off theory. We find that above optimally levered firms adjust their leverage towards the optimal capital structure faster than the below optimally levered ones. In addition, the results show that public and private firms seem to make similar leverage adjustment decisions and that not only the size but also the public/private status of the firms account for the differences. javni sektor private sector capital structure indebtedness public sector privatni sektor kapital struktura zadolženost true false false Angleški jezik Slovenski jezik Članek v reviji 2020-11-12 15:23:08 2020-11-12 15:27:55 2022-09-02 04:01:52 0000-00-00 00:00:00 2020 0 0 Str. 261-288, 318 iss. 2 Vol. 22 2020 0000-00-00 Zaloznikova NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 336.76 1580-0466 10.15458/ebr103 35559939 103864832 RAZ_Stegovec_Klemen_2020.pdf RAZ_Stegovec_Klemen_2020.pdf 1 4E9744375352B31F798BBE65858B4437 dc74f99ffb430773ee0d9404124c8e4d9da7db9cd51592a7a4bca6a82aff3e2f 065b4856-a1bb-11eb-a523-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=137077 Ekonomska fakulteta Economic and business review 0 0 0