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Borsa Istanbul Review, 2020 This study tests the validity of the pecking order theory at different investment levels for manufacturing firms listed on the Borsa Istanbul. The study covers the period from 2000-2018, and the quantile regression method was employed to determine the ...
D. Yıldırım, A. Çeli̇k
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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 .
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Sustainability of Both Pecking Order and Trade-Off Theories in Chinese Manufacturing Firms
Sustainability, 2020 Our study investigates Chinese manufacturing firms listed on both the Shanghai and the Shenzhen Stock Exchanges. These firms follow the pecking order or trade-off theories in their capital structure choices.
Huu Manh Nguyen +4 more
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Is financial leverage mean-reverting? Unit root tests and corporate financing models [PDF]
, 2001 In this paper we use the unit root test at both individual company (Dickey-Fuller) and panel (Im-Pesaran-Shin) level, in order to provide some quantitative evidence of the univariate behaviour of Italian companies’ debt-ratio.
Bontempi, Maria Elena +1 more
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Testing the pecking order theory of capital structure: the case of Islamic financing modes
Future Business Journal, 2020 The purpose of this paper is to examine whether or not the basic premises according to the pecking order theory provide an explanation for the capital structure mix of firms operating under Islamic principles.
Moncef Guizani
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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
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Pecking order and core‐periphery in international trade
Review of International Economics, 2020 This paper analyzes the impact of market size and trade costs on bilateral trade flows. A multi-country trade model with firm-level heterogeneity in productivities and countries’market potential provides a simple micro foundation for the link between ...
Glenn Magerman, K. Bruyne, J. Hove
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Pengujian Pecking Order Theory terhadap Perusahaan Surplus Non Keuangan di Bursa Efek Indonesia [PDF]
, 2017 . The importance of knowing that a firm is profitable, can be seen whether the company surplus or the otherwise. The study related to pecking order theory for surplus firm is still rare, since almost the majority of research in pecking order theory in ...
Monica, J. (Joedith) +1 more
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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 +2 more
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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
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