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Trade-Off Theory Versus Pecking Order Theory: Ghanaian Evidence [PDF]
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 +2 more
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Pecking at Pecking Order Theory: Evidence from Pakistan’s Non-financial Sector [PDF]
Journal of Competitiveness, 2012 This study tests the Pecking Order Theory for the capital structure of listed firms in Pakistan. As per Pecking Order Theory in capital structure formulation, internally generated resources would have first priority, followed by debt issuance where ...
Sheikh Jibran +3 more
doaj +4 more sources
Pecking Order Theory and Trade-Off Theory of Capital Structure: Evidence from Indonesian Stock Exchange [PDF]
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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Testing the Pecking Order Theory of Capital Structure [PDF]
SSRN Electronic Journal, 2000 Abstract We test the pecking order theory of corporate leverage on a broad cross-section of publicly traded American firms for 1971 to 1998. Contrary to the pecking order theory, net equity issues track the financing deficit more closely than do net debt issues.
Frank, Murray Z., Goyal, Vidhan K.
openaire +4 more sources
Market Timing and Pecking Order Theory in Latin America
Revista Finanzas y Política Económica, 2021 This article aims to determine if the capital structure of Latin American companies in the emerging markets of Brazil, Chile, Mexico, and Peru, are managed according to the market timing theory or the pecking order theory. The analysis was based on a non-
Francisco Javier Vásquez Tejos +1 more
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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 +2 more
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Do South African state-owned entities follow the pecking order theory of capital structure? [PDF]
Public and Municipal Finance, 2021 In corporate finance, the pecking-order theory suggests that companies adhere to a particular financing hierarchy, with internal funding taking preference over external funding, and debt financing taking preference over equity.
Ferina Marimuthu +1 more
doaj +1 more source
Jurnal Siasat Bisnis, 2015 This research discusses about debt capacity of the firms and the test of pecking order theory of non-financial firms listed at Indonesia Stock Exchange from 2006-2010.
Andi Dwi Kurnia Nugraha +1 more
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Pecking order, earnings management and capital structure [PDF]
Accounting, 2021 Most of studies imply that firms decrease or increase their debt capacity in context of pecking order theory or agency problems. On this point, the setting of this study is based on two main problems related to capital structure: the first is determining
Budiarso, Novi Swandari, Pontoh, Winston
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Toward a Pecking Order Theory of Strategic Resource Deployment [PDF]
SSRN Electronic Journal, 2015 A premise of the capabilities perspective in strategy is that firm-specific capabilities allow some firms to be unusually adept at exploiting growth opportunities. Since few firms have the capacity to internally generate the quantity or variety of strategic resources needed to exploit growth opportunities, the ability to externally acquire ...
Schulze, William +3 more
openaire +3 more sources