Search Results - subject:"pecking order theory"

Do Ultimate Owners Follow the Pecking Order Theory?

Zeidan, Rodrigo M. - 2017

Previous studies that have tested the pecking order theory have been inconclusive. In this paper, we use unique survey … owners of privately owned firms follow the pecking order theory, even in presence of subsidized loans. We also show that …

Persistent link: https://www.econbiz.de/10012969788

Optimal Capital Structure and Investment with Real Options and Endogenous Debt Costs

Kumar, Praveen - 2017

We examine the joint optimization of financial leverage and irreversible capacity investment in a real options framework with risky debt and endogenous interest costs. Higher capacity, ceteris paribus, increases operating leverage and default probability, but lowers ex post adjustment costs and...

Persistent link: https://www.econbiz.de/10012949906

An Empirical Assessment of the Reality of Pecking Order Theory

Eldomiaty, Tarek Ibrahim - 2017

the Pecking Order Theory (hereinafter POT). The External Funds Needed (hereinafter EFN) Model offers a financing hierarchy … model in order to examine the practical aspects of the Pecking Order Theory. These practical considerations are extended to … examine the use of the Pecking Order Theory in cases of observed and sustainable growth rates. The findings contribute to the …

Persistent link: https://www.econbiz.de/10012953327

The capital structure : is debt just a policy or requerement?

Pontoh, Winston - In: European research studies 20 (2017) 2A, pp. 128-139

Persistent link: https://www.econbiz.de/10012217067

The Capital Structure of Nations

Bolton, Patrick - 2017

When a nation can finance its investments via foreign-currency denominated debt or domestic-currency claims, what is the optimal capital structure of the nation? Building on the functions of fiat money as both medium of exchange, and store of value like corporate equity, our model connects...

Persistent link: https://www.econbiz.de/10012455070

Capital structure mean reversion : a comparison between Chinese state-owned and private firms

Ahsan, Tanveer; Rub, Abdur - In: Global business & economics review 19 (2017) 6, pp. 687-695

Persistent link: https://www.econbiz.de/10011953593

Capital structure and investment financing of small and medium-sized enterprises in Vietnam

Huong Thi Trinh; Kakinaka, Makoto; Kim, Donghun; Jung, … - In: Global economic review 46 (2017) 3, pp. 325-349

Persistent link: https://www.econbiz.de/10011889099

Capital structure policy : evidence from Taiwan

Lee, Fu-Chuan - In: The international journal of business and finance … 11 (2017) 1, pp. 13-35

Persistent link: https://www.econbiz.de/10011698145

Working capital management in Chinese firms : an empirical investigation of determinants and adjustment towards a target level using dynamic panel data model

Ur Rehman, Ajid; Wang, Man; Kabiraj, Sajal - In: Afro-Asian Journal of Finance and Accounting : AAJFA 7 (2017) 1, pp. 84-105

Persistent link: https://www.econbiz.de/10011748640

The value of cash holdings in hotel firms

Dogru, Tarik; Sirakaya-Turk, Ercan - In: International journal of hospitality management 65 (2017), pp. 20-28

Persistent link: https://www.econbiz.de/10011738810