Results 11 to 20 of about 5,173 (248)
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
doaj +4 more sources
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 +3 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
doaj +3 more sources
Testing The Pecking Order Theory of Capital Structure [PDF]
SSRN Electronic Journal, 2002 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 ...
Vidhan K. Goyal +3 more
core +3 more sources
Pecking Order and Market Timing Theory in Emerging markets: The case of Egyptian firms, [PDF]
Research in International Business and Finance, 2018 Using a unique dataset of 1270 Egyptian listed firm-year observations over 2003 to 2014, we investigate whether the basic premise according to the pecking order or market timing theories provide an explanation for the capital structure mix of Egyptian ...
Adele Caldarelli +9 more
core +3 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
doaj +4 more sources
Testing the pecking order theory: the importance of methodology
Qualitative Research in Financial Markets, 2009 Purpose: The purpose of this paper is to show that different methodologies may lead to different implications about the validity of the pecking order theory.
Daskalakis, N. +2 more
core +3 more sources
Does Pecking Order Theory Hold Among Kenyan Firms? [PDF]
Journal of Economics and Business, 2020 This study examined the pecking order theory of capital structure through annual data of 37 firms listed at the Nairobi Securities Exchange for the period 2011-2016.
Peter W. Muriu, Douglas M. Wanja,
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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
doaj +3 more sources
Firms' debt-equity decisions when the static tradeoff theory and the pecking order theory disagree [PDF]
SSRN Electronic Journal, 2011 This paper tests the static tradeoff theory against the pecking order theory. We focus on an important difference in prediction: the static tradeoff theory argues that a firm increases leverage until it reaches its target debt ratio, while the pecking ...
Verbeek, M. +10 more
core +4 more sources