Testing the pecking order theory of capital structure
Article Abstract:
The pecking order theory of publicly traded American firms for 1971 to 1998 is studied. According to the study, contrary to the pecking order theory, net equity issues tracks the financing deficit more closely than net debt issues.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2003
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Capital structure and product markets interactions: evidence from business cycles
Article Abstract:
The effects of capital structure on product market outcomes for numerous firms and industries are discussed. The results suggest that the financing choices of firms have inferences for cyclical macro dynamics.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2003
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Debt financing: Does it boost or hurt firm performance in product markets?
Article Abstract:
The impact of debt financing on the performance of companies in product markets is discussed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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- Abstracts: The savers-spenders theory of fiscal policy. The savers-spenders theory of fiscal policy: corrigendum. Pervasive stickiness
- Abstracts: Modeling the term structure of interest rates: a new approach. Likelihood-based specification analysis of continuous-time models of the short-term interest rate