Results 11 to 20 of about 50,273 (202)

Pemilihan Sumber Pendanaan Perusahaan Berdasarkan Hipotesis Pecking Order

Jurnal Akuntansi, 2011
This Article proposes a rational justification to the Pecking order Hypothesis through relationship with Modigliani Miller Proposition I. The reason to support our justification is 7 (seven) incentives of Pecking order Hypothesis.
Ida .
doaj   +1 more source

Trade-Off Theory Versus Pecking Order Theory: Ghanaian Evidence

SAGE Open, 2020
The objective of this study was to examine the theoretical predictions of the pecking order theory and the trade-off theory to establish which of the two competing theories better explains the financing decisions of small and medium enterprises (SMEs ...
James Agyei, Shaorong Sun, Eugene Abrokwah   +2 more
doaj   +1 more source

Pecking Order Theory and Trade-Off Theory of Capital Structure: Evidence from Indonesian Stock Exchange

Journal the Winners, 2012
Numerous empirical studies in the finance field have tested many theories for firms’ capital structure. The pecking order theory and the trade-off theory of capital structure is among the most influential theories of firms’ capital structure.
Priska Ralna Eunike Culata, Tri Gunarsih
doaj   +1 more source

What drives security issuance decisions: Market timing, pecking order, or both? [PDF]

, 2012
We study market timing and pecking order in a sample of debt and equity issues and share repurchases of Canadian firms from 1998 to 2007. We find that only when firms are not financially constrained is there evidence that firms issue (repurchase) equity ...
Ai, Antoniou, Asquith, Baker, Baker, Baker, Bancel, Barberis, Brounen, Carlson, Chang, Chang, Daniel, Dann, De Jong, DeAngelo, Dittmar, Donaldson, Dong, Eckbo, Elliott, Fama, Frank, Graham, Helwege, Henderson, Hertzel, Hovakimian, Ikenberry, Jung, Kaplan, Lamont, Lemmon, Li, Lyon, Masulis, McLean, Mikkelson, Myers, Myers, Norton, Ozkan, Polk, Purnanandam, Ritter, Shyam-Sunder, Spiess, Stein, Titman, White   +49 more
core   +2 more sources

TESTING ON PECKING ORDER THEORY AND ANALYSIS OF COMPANY’S CHARACTERISTIC EFFECTS ON EMITTEN’S CAPITAL STRUCTURE

Indonesian Journal of Business and Entrepreneurship, 2015
Pecking Order Theory (POT) states that hierarchy fundings based on the cheapest cost coming from internal fund, followed by external fund are needed to determine the capital structure.
Tajudin Noor, Bonar Sinaga, TB Nur Ahmad Maulana   +2 more
doaj   +1 more source

Deviation from target debt ratio, cash flow imbalance and capital structure adjustment [PDF]

تحقیقات مالی, 2016
Most of capital structure researches have been conducted on the two dominant theories: trade-off and pecking order. Based on the trade-off theory, every firm has a target capital structure, while pecking order theory assumes that there is no target ...
Maryam Davallou, Alireza Rezaeian
doaj   +1 more source

Debt, Equity, and the Pecking Order: Evidence from Financing Decisions of Dividend-Paying Firms

International Journal of Financial Studies
This study investigates whether, and to what extent, dividend-paying firms follow pecking order behavior when altering their capital structure. Using a panel of 3173 U.S.
Konstantinos Kakouris, Dimitrios Psychoyios   +1 more
doaj   +1 more source

Does information asymmetry lead to higher debt financing? Evidence from China during the NTS Reform period [PDF]

Journal of Asian Business and Economic Studies, 2018
Purpose – The purpose of this paper is to test an implication of the pecking order theory to explain capital structure decisions among Chinese listed companies during the 2005-2007 NTS Reform transition period.
Wenzhou Qu, Udomsak Wongchoti, Fei Wu, Yanming Chen   +3 more
doaj   +1 more source

A estrutura de capital de empresas de pequena dimensão em Portugal: uma abordagem segundo as teorias do Trade-off e da Pecking-order

RACE: Revista de Administração, Contabilidade e Economia, 2018
Resumo: No corrente estudo analisaram-se os fatores explicativos das decisões de estrutura de capital das Pequenas Empresas (PEs) portuguesas, dado a estrutura de capital destas ter um interesse relevante ao nível econômico-social geral.
Claudio Eduardo Ramos Camfield, Guilhermina Maria da Silva Freitas, Marco Rafael Fernandes Correia, Zélia Serrasqueiro   +3 more
doaj   +1 more source

Relationship between the pecking order theory and firm's age: Empirical evidences from India

IIMB Management Review, 2018
The present work examines the impact of age on the pecking order of deficit and surplus firms. Using empirical evidences, the results indicate that age does not have any significant impact on the pecking order of firms when they have deficits, and firms (
Vandana Bhama, Pramod Kumar Jain, Surendra Singh Yadav   +2 more
doaj   +1 more source