Search Results - subject:"pecking order theory"

Análise dos determinantes do endividamento das empresas de capital aberto do agronegócio brasileiro

Bressan, Valeria Gama Fully; Lima, Joao Eustaquio de; … - In: Brazilian Journal of Rural Economy and Sociology (RESR) 47 (2009) 1

conclude that the model estimated by panel data generated results that are compatible with those suggested by the pecking order … theory. …

Persistent link: https://www.econbiz.de/10008508866

Imperfect competition in financial markets and capital structure

Guriev, Sergei; Kvasov, Dmitriy - Center for Economic and Financial Research (CEFIR), New … - 2009

We consider a model of corporate nance with imperfectly competitive financial intermediaries. Firms can finance projects either via debt or via equity. Because of asymmetric information about firm's growth opportunities, equity financing involves a dilution cost. Nevertheless, equity...

Persistent link: https://www.econbiz.de/10008800089

SME Capital Structure : The Dominance of Demand Factors

Bell, Kenny - 2009

underpinnings of the pecking order theory are doubted in the case of SMEs as SME managers highly value financial freedom …, independence, and control while the pecking order theory assumes firms desire financial wealth and suffer from severe adverse …

Persistent link: https://www.econbiz.de/10013156992

The Trade-Off Theory and the Pecking Order Theory : Are They Mutually Exclusive?

Cotei, Carmen - 2009

results imply that the pecking order theory and the trade-off theory are not mutually exclusive …

Persistent link: https://www.econbiz.de/10013159826

Imperfect competition in financial markets and capital structure

Guriev, Sergej; Kvasov, Dmitrij - 2009

Persistent link: https://www.econbiz.de/10008824479

Determinants of capital structure: evidence from a major developing economy

Köksal, Bülent; Orman, Cüneyt - In: Small Business Economics 44 (2015) 2, pp. 255-282

, Turkey. The trade-off theory provides a better description of the capital structures of all firm types than the pecking order … order theory is most useful when it comes to small publicly-traded manufacturing firms, especially when the economic … theory. Moreover, the trade-off theory appears to be particularly suitable for understanding the financing choices of large …

Persistent link: https://www.econbiz.de/10011154835

Information ratings and capital structure

Pan, Lee-Hsien; Lin, Chien-Ting; Lee, Shih-Cheng; Ho, … - In: Journal of Corporate Finance 31 (2015) C, pp. 17-32

We examine the impact of information asymmetry on a firm's capital structure decisions with a unique information rating scheme that draws from 114 measures over five dimensions of information disclosures on each firm from 2006 to 2012. We find that a firm with high (low) information rating is...

Persistent link: https://www.econbiz.de/10011264343

Kapitalstruktur und Rentabilität : Theorie und Empirie anhand deutscher Blue Chips und Mid Caps

Hartmann, Marcus-Maurice - 2015

Persistent link: https://www.econbiz.de/10010510847

Factors affecting the financing policy of commercial banks in Ethiopia

Shibru, Michael; Kedir, Hamdu; Mekonnen, Yonas - 2015

Persistent link: https://www.econbiz.de/10011448954

The macroeconomics of Modigliani-Miller

Gersbach, Hans; Haller, Hans; Müller, Jürg - In: Journal of economic theory 157 (2015), pp. 1081-1113

Persistent link: https://www.econbiz.de/10011525419