{"doi":"10.33736/ijbs.580.2015","title":"UNOBSERVABLE EFFECTS AND SPEED OF ADJUSTMENT TO TARGET CAPITAL STRUCTURE","abstract":"<jats:p>The paper investigates whether unobservable firm-specific effects such as managerial ability is a major component of the target capital structure. We apply the system generalized method of moments that accounts for unobservable firm-specific effects. Our results reveal that unobservable firm-specific effects such as managerial ability are a major component that explains most of the cross-sectional variation in firms’ capital structure in Malaysia.Keywords: Capital Structure; Unobservable Effects; System GMM; Malaysia.</jats:p>","journal":"International Journal of Business and Society","year":2017,"id":20961,"datarank":0.4099936338887543,"base_score":1.791759469228055,"endowment":1.791759469228055,"self_citation_contribution":0.26876392038420827,"citation_network_contribution":0.14122971350454605,"self_endowment_contribution":0.26876392038420827,"citer_contribution":0.14122971350454605,"corpus_percentile":null,"corpus_rank":null,"citation_count":5,"citer_count":5,"citers_with_citation_signal":5,"citers_with_endowment":5,"datacite_reuse_total":0,"is_dataset":false,"is_dataset_confidence":null,"is_data_producer":false,"deposit_databanks":null,"is_oa":false,"file_count":0,"downloads":0,"has_version_chain":false,"published_date":null,"fair_score":null,"fair_percentile":null,"algorithm_id":"datarank_citation_only_1hop_v6","ranking_scope":"data_only","authors":[{"id":136751,"name":"Bany Ariffin Amin Noordin","orcid":null,"position":1,"is_corresponding":false},{"id":136752,"name":"Wan Azman Saini Wan Ngah","orcid":null,"position":2,"is_corresponding":false},{"id":136753,"name":"Annuar Md Nassir","orcid":null,"position":3,"is_corresponding":false},{"id":136750,"name":"Bolaji Tunde Matemilola","orcid":null,"position":0,"is_corresponding":false}],"reference_count":0,"raw_metadata":{"has_enrichment":true,"base_score":1.791759469228055,"endowment":1.791759469228055,"datacite_reuse_total":0,"file_count":0,"downloads":0,"views":0,"has_version_chain":false,"is_dataset":false,"is_oa":false,"pmid":"21071399","pmcid":null,"openalex_id":"https://openalex.org/W2614563012","authors":[],"funders":[],"total_grants":0,"fwci":1.8827,"citation_percentile":0.87789301,"influential_citations":0,"citation_trend":[{"year":2019,"count":1},{"year":2020,"count":2},{"year":2022,"count":1},{"year":2023,"count":1}],"oa_status":"gold","license":"cc-by-nc-sa","oa_locations":[{"url":"http://publisher.unimas.my/ojs/index.php/IJBS/article/download/580/522","host_type":"journal"},{"url":"https://doi.org/10.33736/ijbs.580.2015","host_type":"GOLD"},{"url":"http://publisher.unimas.my/ojs/index.php/IJBS/article/download/580/522","host_type":"publisher"}],"fields_of_study":["Islamic Finance and Banking Studies","Corporate Finance and Governance","Economics"],"mesh_terms":[],"keywords":["Unobservable","Econometrics","Component (thermodynamics)","Economics","Capital (architecture)","Microeconomics"],"sdg_mappings":[],"linked_datasets":[],"clinical_trials":[],"software_tools":[],"database_accessions":[],"source":"live","citation_network_status":"fetched"},"created_at":"2026-06-06T13:48:51.076107Z","pmid":null,"pmcid":null,"fwci":null,"citation_percentile":null,"influential_citations":0,"oa_status":null,"license":null,"views":0,"total_file_size_bytes":0,"version_count":0,"fair_f":null,"fair_a":null,"fair_i":null,"fair_r":null,"fair_zscore":null,"fair_rationale":null,"fair_model":null,"fair_agent_version":null,"fair_fulltext_source":null,"fair_has_llm":null,"fair_computed_at":null,"clinical_trials":[],"software_tools":[],"db_accessions":[],"linked_datasets":[],"topics":[]}