We examine the relevance of the pecking order theory of capital structure among emerging market firms in the light of … that sample firms follow the pecking order while making their financing choices.We find that the pecking order theory fares … conventional leverage regression model, adds abysmally small amount of explanatory power. Overall, we argue that the pecking order …

, pecking order theory, agency theory) in the specific context of IBs. Then, through a literature review, we propose some …

result, trade-off theory, pecking-order theory, asset substitution, credit rationing and debt overhang. Chapters also cover …