Search Results - subject:"pecking order theory"

Market power versus capital structure determinants : do they impact leverage?

Jahanzeb, Agha; Norkhairul Hafiz Bajuri; Ghori, Aisha - In: Cogent economics & finance 3 (2015) 1, pp. 2-9

The purpose of this study is to investigate the association between market power and capital structure. This study will further provide a logical explanation towards the factors affecting capital structure. This study analysed 176 non-financial Pakistani companies listed on Karachi Stock...

Persistent link: https://www.econbiz.de/10010492414

Cogency of capital structure theories to an Islamic country : empirical evidence from the Kuwaiti banks

Naser, Kamal; Al-Mutairi, Abdullah; Al Kandari, Ahmad; … - In: International journal of economics and financial issues … 5 (2015) 4, pp. 979-988

Persistent link: https://www.econbiz.de/10011455348

A revisit of pecking order theory versus trade-off theory : evidence from Pakistan

Qureshi, Muhammad Azeem; Sheikh, Nadeem Ahmed; Khan, … - In: Pakistan journal of commerce and social sciences 9 (2015) 2, pp. 344-356

The objective of this study is to investigate which of the two competing theoretic frameworks; pecking order theory …

Persistent link: https://www.econbiz.de/10011928261

Determinants of corporate capital structure : evidence from Macedonian panel data

Jovanovic, Biljana - Narodna Banka na Republika Makedonija - 2015

The purpose of this study is to analyze capital structure decisions of Macedonian companies by using firm level data for the period 2000-2014. More specifically the study is focused on two specific questions. First, by using dynamic panel methodology we try to identify the financial leverage...

Persistent link: https://www.econbiz.de/10011620576

Testing trade-off theory and pecking order theory under managerial overconfidence

Bukalska, Elżbieta - In: International Journal of Management and Economics 55 (2019) 2, pp. 99-117

theory (trade-off or pecking order theory) that can be used to explain financing decisions of overconfident managers. We …

Persistent link: https://www.econbiz.de/10015192145

Equity Price Discovery with Informed Private Debt

Addoum, Jawad M. - 2019

Equity markets fail to account for value-relevant non-public information enjoyed by syndicated loan participants and reflected in publicly-posted loan prices. A long-short strategy that buys (sells) the equities of firms whose loans have recently appreciated (depreciated) earns large...

Persistent link: https://www.econbiz.de/10012902660

Capital Structure

Khomar, Angel F. - 2019

Debt and equity represent somewhat different sources of funds for a company, and the Chief Financial Officer (CFO) would like to know the best combination of debt and equity funding to use. That is, what should be the company's capital structure. Should the apparent differences between debt and...

Persistent link: https://www.econbiz.de/10012894381

Toward an Empirical Investigation of the Pecking Order Theory : Evidence from Chinese Listed Firms

Jiang, Xiaochen - 2019

paper thus adopts Chinese listed firms' data from 2003 to 2015 to investigate the pecking order theory by testing the … impact on the pecking order theory, resulting in the listed firms having a considerable incentive to use equity financing … pecking order theory, suggesting that state-owned enterprises (SOEs) prefer to use long-term debt financing. Finally, the …

Persistent link: https://www.econbiz.de/10012858310

Testing trade-off and pecking order theories of capital structure : evidence and arguments

Rahman, Md Takibur - In: International journal of economics and financial issues … 9 (2019) 5, pp. 63-70

Persistent link: https://www.econbiz.de/10012150564

On the Dynamic Capital Structure of Nations : Theory and Empirics

Barth, James R. - 2019

We analyze the optimal capital structure of a nation from a corporate finance perspective. In particular, we draw an analogy between a nation's fiat money and corporate equity following Bolton and Huang (2018). Based on dynamic capital structure theory, we develop a stochastic model to determine...

Persistent link: https://www.econbiz.de/10012864380