Search Results - subject:"pecking order theory"

Does the Corporate Capital Structure Theory Apply to Banks? Evidence from the Field

Coutinho dos Santos, Mário - 2021

This paper investigates the value relevance of banks’ capital structure voluntary choices, their determinants, and preference in terms of funding mix policy models, using a unique survey-based dataset gathered through a face-to-face interview structured questionnaire, conducted to a sample of...

Persistent link: https://www.econbiz.de/10013248194

Does Capital Structure Affect Profitability? Evidence from Indian IT Companies

Panigrahi, CMA(Dr.) Ashok; Chaudhury, Suman Kalyan; … - 2021

Background: In spite of many years of rigorous exploration and several papers after Modigliani and Millers’ original work, surprisingly there is an absence of agreement even today among the finance specialists on the fundamental issue of corporate finance, concerning why finance managers...

Persistent link: https://www.econbiz.de/10013229249

Macro uncertainties and tests of capital structure theories across renewable and non-renewable resource companies

Irawan, Denny; Okimoto, Tatsuyoshi - 2021

explanatory power to explain sample firms’ financing behaviour. The pecking order theory is strongly supported by the results of …

Persistent link: https://www.econbiz.de/10013215581

Levered-beta and cost of capital sensitivities : an experimental investigation in capital structure

Topyan, Kudret - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-14

Using US firms with over $5b market cap, this paper tests the impact of levered beta on the firm’s market value and optimal capital structure. Using the synthetic rating method in a recursive model, the paper shows the current and optimal weighted average cost of capital sensitivities as the...

Persistent link: https://www.econbiz.de/10012520552

Impact of capital structure on corporate value : review of literature

Kruk, Sylwia - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-13

The issue of capital structure in an enterprise is often described in the literature on the subject; however, theories are classified into various approaches, and their characteristics are often limited to selected theories. This work is an attempt at a synthetic presentation of the theory of...

Persistent link: https://www.econbiz.de/10012520575

Correlation-and-regression analysis of the influence of macroeconomic factors on capital structure of Russian corporations under crisis conditions

Metel'skaya, Valeriya Valer'evna - In: Journal of innovation and entrepreneurship : JIE 10 (2021), pp. 1-34

The study reveals the influence of macroeconomic factors on decisions about the optimal capital structure formation under financial globalization, in view of ever-changing factors of the external economic and geopolitical environment. The study is aimed at empirical testing of hypotheses on how...

Persistent link: https://www.econbiz.de/10012591018

Market timing and pecking order theory in Latin America

Vásquez Tejos, Francisco Javier; Pape Larre, Hernan Marcelo - In: Revista finanzas y política económica 13 (2021) 2, pp. 345-370

Persistent link: https://www.econbiz.de/10012804756

Capital structure, stock exchanges in Chile : 2007 to 2016

Henrique, Marcelo Rabelo; Silva, Sandro Braz; Saporito, … - In: Journal of economics, finance & administrative science 26 (2021) 52, pp. 317-332

pecking order theory (POT). The gap occupied by this study is linked to research involving South American countries …

Persistent link: https://www.econbiz.de/10012813885

Testing the pecking order theory of capital structure : evidence from Turkey using panel quantile regression approach

Yıldırım, Durmuş Çağrı; Çelik, Ali Kemal - In: Borsa Istanbul Review 21 (2021) 4, pp. 317-331

This study tests the validity of the pecking order theory at different investment levels for manufacturing firms listed … findings of the present study reveal that the pecking order theory is valid for the choice behaviour of firms listed on the … is found that small firms act in accordance with the pecking order. The empirical findings show that the pecking order …

Persistent link: https://www.econbiz.de/10012816927

Leverage and firm performance : new evidence on the role of economic sentiment using accounting information

Kalantonis, Petros; Kallandranis, Christos; … - In: Journal of capital markets studies 5 (2021) 1, pp. 96-107

. Second, it is tested whether the behaviour of listed firms as regards to debt follows the pecking order theory. Design …

Persistent link: https://www.econbiz.de/10012625044