Does Firms’ Pecking Order Vary during Large Deficits and Surpluses? An Empirical Study on Emerging Economies
Tài liệu tham khảo
Al, 2011, Testing the Pecking Order and the Target Models of Capital Structure: Evidence from UK. European Journal of Economics, Finance and Administrative Sciences, 41, 84
Allen, F., Qian, J., Shan, S.C., Zhu, J.L., 2014. The Best Performing Economy with the Worst Performing Market: Explaining the Poor Performance of the Chinese Stock Market, The Fourth Symposium on Emerging Financial Markets: China and Beyond. New York, U.S.A.
Bhabra, H.S., Liu, T., Tirtiroglu, D., 2008. Capital Structure Choice in a Nascent Market: Evidence from Listed Firms in China. Financial Management, 341-364.
Calomiris, 1995, Commercial Paper and Corporate Finance: A Microeconomic Perspective, Carnegie Rochester Conference Series on Public Policy, 45, 203, 10.1016/0167-2231(95)00034-W
Chirinko, 2000, Testing Static Trade Off Against Pecking Order Models of Capital Structure: A Critical Comment, Journal of Financial Economics, 58, 417, 10.1016/S0304-405X(00)00078-7
Denis, 2012, Debt Financing and Financial Flexibility Evidence from Proactive Leverage Increases, The Review of Financial Studies, 25, 1897, 10.1093/rfs/hhs005
Dong, M. Loncarski, I., Horst, J.T., Veld, C., 2012. What Drives Security Issuance Decisions: Market Timing, Pecking Order or Both? Financial Management, 637-663.
Dutta, 2013, Lemon problem and pecking order theory: An Investigation on Indian Corporate Sector. Vilakshan, XIMB Journal, 10, 73
Fama, 2005, Financing Decisions: Who Issues Stock?, Journal of Financial Economics, 76, 549, 10.1016/j.jfineco.2004.10.003
Frank, 2003, Testing the Pecking Order Theory of Capital Structure, Journal of Financial Economics, 67, 217, 10.1016/S0304-405X(02)00252-0
Ganguli, 2013, Capital Structure – Does Ownership Structure Matter?. Theory and Indian Evidence, Studies in Economics and Finance, 30, 56, 10.1108/10867371311300982
Jain, 2005
Jong, A.D., Verbeek, M., Verwijmeren, P., 2010.The Impact of Financing Surpluses and Large Financing Deficits on Tests of the Pecking Order Theory. Financial Management, 733-756.
Jong, 2011, Firms’ Debt–Equity Decisions When the Static Trade off Theory and thePecking Order Theory Disagree, Journal of Banking and Finance, 35, 1303, 10.1016/j.jbankfin.2010.10.006
Komera, S., Lukose, J., 2014. Capital Structure Choice, Information asymmetry, and debt Capacity: Evidence from India. J. Econ Financ, Doi: 10.1007/s12197-014-9285-3.
Leary, 2010, The Pecking Order, Debt Capacity, and Information Asymmetry, Journal of Financial Economics, 95, 332, 10.1016/j.jfineco.2009.10.009
Lemmon, 2010, Debt Capacity and Tests of Capital Structure Theories, Journal of Financial and Quantitative Analysis, 45, 1161, 10.1017/S0022109010000499
Mahakud, 2006, Testing the Pecking Order Theory of Capital Structure: Evidence from the Indian Corporate Sector, The ICFAI Journal of Applied Finance, 12, 16
Myers, 1984, The Capital Structure Puzzle, The Journal of Finance, 39, 575, 10.2307/2327916
Myers, S.C., 2001. Capital Structure. Journal of Economic Perspective15, 81-102.
Myers, S.C., Majluf, N.S., 1984. Corporate Financing and Investment Decisions When Firms have Information that Investors do not have. Journal of Financial Economics13, 187-221.
Ni, 2008, Testing the Pecking-Order Theory: Evidence from Chinese Listed Companies, The Chinese Economy, 41, 97, 10.2753/CES1097-1475410105
Rastogi, 2006, Debt Financing in India in Public Private and Foreign Companies, Vision-The Journal of Business perspective, 10, 45, 10.1177/097226290601000305
Saggar, 2005, Financing and Investment Patterns of Indian Firms, Economics and Political Weekly, 40, 231
Seifert, 2009, Pecking Order Behavior in Emerging Markets, Journal of International Financial Management and Accounting, 21, 1, 10.1111/j.1467-646X.2009.01034.x
Shyam-Sunder, 1999, Testing Static Trade off Against Pecking Order Models of Capital Structure, Journal of Financial Economics, 51, 219, 10.1016/S0304-405X(98)00051-8
Yue, 2011, Determinants of Corporate Capital Structure under Different Debt Maturities, International Research Journal of Finance and Economics, 66, 99
