TRADE-OFF THEORY VERSUS PECKING ORDER THEORY: CAPITAL STRUCTURE DECISIONS IN A PERIPHERAL REGION OF PORTUGAL
نویسندگان
چکیده
منابع مشابه
Are trade-off and pecking order theories mutually exclusive in explaining capital structure decisions?
In this study, using various panel models and estimators, we find empirically that the trade-off and pecking order theories are not mutually exclusive in explaining quoted Portuguese companies capital structure decisions. However, the finance behaviour of quoted Portuguese companies comes close to that forecast by the pecking order theory: (i) the magnitude of the effects of financial deficit o...
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Constructing the capital structure of business organization depends on quite very many perspectives and theories. One of these outlooks is the pecking order approach to capital structure construction. The approach is yet to have seemingly homogenous test both qualitative and quantitative. The non-homogeneity posture has been traced to methodology of analysis and assumptions of adverse selection...
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ژورنال
عنوان ژورنال: Journal of Business Economics and Management
سال: 2014
ISSN: 1611-1699,2029-4433
DOI: 10.3846/16111699.2012.744344