Financing practices on the JSE - an empirical test of the trade-off and pecking order theories of capital structure
This study offers an empirical test of the trade-off and pecking order theories of capital structure by examining the financing practices of a panel of 104 non-financial JSE-listed companies observed over the 1999-2011 period. At its core, the trade-off theory predicts that firms will balance the m...
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| Format: | Others |
| Language: | en |
| Published: |
2014
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| Online Access: | http://hdl.handle.net/10539/15176 |