INTERDEPENDENSI KEBIJAKAN DEVIDEN, FINANCIAL LEVERAGE DAN INVESTASI: PENGUJIAN PECKING ORDER THEORY
نویسندگان
چکیده
منابع مشابه
Pecking Order Theory and the Financial Structure Of
The principal objective in this paper is to ascertain the extent to which Myers’ (1984) Pecking Order Theory (POT) of business financing appears to explain financial structure amongst a panel of 871 manufacturing SMEs legally organised as proprietary companies, taken from the Australian federal government’s Business Longitudinal Survey for three financial years from 1995-96 to 1997-98. The rese...
متن کاملOrder Dan
Proof. There are three cases: (1) A and B are in the same column. Then, since in each column we picked the shortest student, A is shorter than B. (2) A and B are in the same row. Then, since in each row we picked the tallest student, B is taller than A. (3) A and B are neither in the same row, nor in the same column. Let C be a student who is in the same row as A and in the same column as B. Th...
متن کاملThe Capital Structure of Business Start-Up: Is There a Pecking Order Theory or a Reversed Pecking Order?
Using the Panel Study of Entrepreneurial Dynamics, we study if the problems of asymmetry and opacity of information, asset specificity, agency problem and signaling theory predict the financial structure at inception. Thus, we conduct a study in two steps. First, by analyzing the descriptive statistics, we find that novice entrepreneurs turn first to internal sources of finance. Then, they appl...
متن کاملHow the Pecking-Order Theory Explain Capital Structure
The pecking order theory of capital structure is one of the most influential theories of corporate finance. The purpose of this study is to explore the most important factors on a firm’s capital structure by pecking-order theory. Hierarchical regression is used as the analysis model. This study examines the determinants of debt decisions for 305 Taiwan electronic companies that are quoted on th...
متن کاملWindow Dressing of Financial Leverage
We investigate bank holding companies’ window dressing of quarter-end financial leverage through short-term borrowings, and the stock market reaction around the public release of information that can be used to infer such window dressing. We find evidence of downward window dressing of repo and federal funds liabilities that appear material for a large fraction of the sample, particularly among...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Management and Business
سال: 2009
ISSN: 1412-3789
DOI: 10.24123/jmb.v8i1.134