Environmental Reporting and Speed of Adjustment to Target Leverage: Evidence from a Dynamic Regime Switching Model
Hussain Hafezali Iqbal,
Kot Sebastian,
Thaker Hassanudin Mohd Thas,
Turner Jason J
Affiliations
Hussain Hafezali Iqbal
Taylor’s Business School, Taylor’s University Lakeside Campus, 1 Jalan Taylors, Subang Jaya47500, Malaysia, and Visiting Professor, University of Economics and Human Sciences in Warsaw, Poland
Kot Sebastian
Czestochowa University of Technology, The Management Faculty, Armii Krajowej 19B, 42-201Czestochowa, Poland and Faculty of Economic and Management Sciences, North-West University, Vaal Triangle Campus, PO Box 1174 Vanderbijlpark 1900, South Africa
Thaker Hassanudin Mohd Thas
Sunway University, Sunway University Business School, Department of Economics and Finance, Bandar Sunway, 47500Petaling Jaya, Selangor, Malaysia
Turner Jason J
Asia Pacific University of Technology & Innovation, Graduate Schools of Business, Jalan Teknologi 5, Taman Teknologi Malaysia, 57000Kuala Lumpur, Malaysia
Background and Purpose: This study investigates the impact of environmental reporting on speed of adjustment and adjustment costs which is evaluated based on the ability of firms to adjust to target leverage level for non-financial firms listed in the Malaysian Stock Exchange (Bursa Malaysia).
