Pecking order and trade-off explanations of capital structure and the maturity structure of corporate debt obligations
It is shown i) that the under-investment problem is caused by the debt-equity mix of the financing rather than the investment itself and that a transfer of value (from shareholders to debt-holders) can be reversed by a post-investment adjustment in capital structure that restores the pre-investment...
Main Author: | Richards, Paul Howard |
---|---|
Published: |
University of Birmingham
2018
|
Subjects: | |
Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.760321 |
Similar Items
-
Empirical analyses of the determinants of capital structure and of the pecking order and target capital structure theories in the UK
by: Al-Hindawi, Riyad
Published: (2006) -
Determinants of Debt Ratio: the Static Trade-off and Pecking Order Theories
by: غلامرضا کردستانی, et al.
Published: (2008-03-01) -
Testing Trade-off and Pecking Order Theories of Capital Structure: Evidence and Arguments
by: Md Takibur Rahman
Published: (2019-09-01) -
Determinants of capital structures based on the Pecking Order Theory and Trade-off Theory
by: Hotman Jefferson Simatupang, et al.
Published: (2019-01-01) -
From description to explanation in cross-national research : the case of economic morality
by: Lopes, Cláudia Isabel Marques de Abreu
Published: (2012)