英文标题：
《Capital Structure in U.S., a Quantile Regression Approach with
  Macroeconomic Impacts》
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作者：
Andreas Kaloudis, Dimitrios Tsolis
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最新提交年份：
2018
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英文摘要：
  The major perspective of this paper is to provide more evidence into the empirical determinants of capital structure adjustment in different macroeconomics states by focusing and discussing the relative importance of firm-specific and macroeconomic characteristics from an alternative scope in U.S. This study extends the empirical research on the topic of capital structure by focusing on a quantile regression method to investigate the behavior of firm-specific characteristics and macroeconomic variables across all quantiles of distribution of leverage (total debt, long-terms debt and short-terms debt). Thus, based on a partial adjustment model, we find that long-term and short-term debt ratios varying regarding their partial adjustment speeds; the short-term debt raises up while the long-term debt ratio slows down for same periods.
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中文摘要：
本文的主要观点是，通过关注和讨论美国企业特定和宏观经济特征的相对重要性，为不同宏观经济状态下资本结构调整的实证决定因素提供更多证据。本研究通过关注分位数回归法，用于调查公司特定特征和宏观经济变量在杠杆分布的所有分位数（总债务、长期债务和短期债务）中的行为。因此，基于部分调整模型，我们发现长期和短期债务比率随其部分调整速度而变化；短期债务上升，而同期长期债务比率下降。
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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一级分类：Economics        经济学
二级分类：Econometrics        计量经济学
分类描述：Econometric Theory, Micro-Econometrics, Macro-Econometrics, Empirical Content of Economic Relations discovered via New Methods, Methodological Aspects of the Application of Statistical Inference to Economic Data.
计量经济学理论，微观计量经济学，宏观计量经济学，通过新方法发现的经济关系的实证内容，统计推论应用于经济数据的方法论方面。
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一级分类：Quantitative Finance        数量金融学
二级分类：General Finance        一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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