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2007 Meeting Papers
The journal of finance : the journal of the American Finance Association
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A dynamic theory of the pecking-order based upon repeated signalling
Livdan, Dmitry
;
Miranda, Bruno
;
Hennessy, Chris
-
Society for Economic Dynamics - SED
-
2007
regarding leverage ratios and announcement effects, and can also explain observed violations of the pecking-order hypothesis.
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