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The Pecking Order Theory and the Firm's Life Cycle
15 references·0 citing·38 second hop
The Pecking Order Theory and the Firm's Life Cycle (2009)The Pecking Order Theory and the Firm's L…The pecking order, debt capacity, and information asymmetry (2009)The pecking order, debt capac…On the Timing of Dividend Initiations (2007)On the Timing of Dividend Ini…Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory☆ (2006)Dividend policy and the earne…A Catering Theory of Dividends (2004)A Catering Theory of DividendsTesting Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Testing Trade-Off and Pecking…Testing the pecking order theory of capital structure (2002)Testing the pecking order the…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…Testing static tradeoff against pecking order models of capital structure: a critical comment (2000)Testing static tradeoff again…Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.1 (1999)Testing static tradeoff again…Is there a pecking order? Evidence from a panel of IPO firms (1996)Is there a pecking order? Evi…The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries (1987)The Relationship Between Firm…The Capital Structure Puzzle (1984)The Capital Structure PuzzleCorporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…A Longitudinal Study of the Corporate Life Cycle (1984)A Longitudinal Study of the C…A Life Cycle Theory of the Firm (1972)A Life Cycle Theory of the Fi…Strategy‐making and environment: The third link (1983)Reconceptualizing the Determinants of Risk Behavior (1992)A Capabilities Perspective on the Effects of Early Internationalization on Firm Survival and Growth (2006)Resource Orchestration to Create Competitive Advantage (2010)On the Size Distribution of Business Firms (1978)Patterns of Firm Entry and Exit in U.S. Manufacturing Industries (1988)The Growth and Failure of U. S. Manufacturing Plants (1989)Who Creates Jobs? Small versus Large versus Young (2012)Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The determinants and implications of corporate cash holdings (1999)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Theory of Capital Structure (1991)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The theory and practice of corporate finance: evidence from the field (2001)Prospect theory: An analysis of decision under risk (1988)Investor Sentiment and the Cross-Section of Stock Returns (2003)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Editor's Choice Digesting Anomalies: An Investment ApproachThe Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Liquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)Risk, Return, and Equilibrium: Empirical Tests (1973)CEO Overconfidence and Corporate Investment (2005)Partial adjustment toward target capital structures (2005)Econometric Analysis of Panel Data (2021)Why do firms pay dividends? International evidence on the determinants of dividend policy☆ (2008)Product Market Threats, Payouts, and Financial Flexibility (2012)Corporate Investment and Stock Market Listing: A Puzzle? (2014)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Market Timing and Capital Structure (2002)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
  • 1984The Capital Structure Puzzle7,520 cited
  • 2002Testing Trade-Off and Pecking Order Predictions About Dividends and Debt3,396 cited
  • 2002Testing the pecking order theory of capital structure2,642 cited
  • 1987The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries1,928 cited
  • 2006Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory☆1,805 cited
  • 1999Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.11,755 cited
  • 1984A Longitudinal Study of the Corporate Life Cycle1,629 cited
  • 2004A Catering Theory of Dividends1,368 cited
  • 2009The pecking order, debt capacity, and information asymmetry600 cited
  • 1972A Life Cycle Theory of the Firm519 cited
  • 2000

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Testing static tradeoff against pecking order models of capital structure: a critical comment
370 cited
  • 1996Is there a pecking order? Evidence from a panel of IPO firms340 cited
  • 2007On the Timing of Dividend Initiations132 cited
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