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Pecking Order Theory and Trade-Off Theory of Capital Structure: Evidence from Indonesian Stock Exchange
13 references·1 citing·33 second hopsampled
Pecking Order Theory and Trade-Off Theory of Capital Structure: Evidence from Indonesian Stock Exchange (2012)Pecking Order Theory and Trade-Off Theory…Partial adjustment toward target capital structures (2005)Partial adjustment toward tar…Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Testing Trade-Off and Pecking…Testing 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…Testing Tradeoff and Pecking Order Predictions About Dividends and Debt (1999)Testing Tradeoff and Pecking …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…Testing Static Trade-off Against Pecking Order Models of Capital Structure (1994)Testing Static Trade-off Agai…Equity Issues and Stock Price Dynamics (1990)Equity Issues and Stock Price…Equity Issues and Stock Price Dynamics (1989)Equity Issues and Stock Price…The Capital Structure Puzzle (1984)The Capital Structure PuzzleCorporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Capital Structure and Corporate Performance: An Empirical Analysis from Central Europe (2023)Capital Structure and Corpora…Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Capital structure choice: macroeconomic conditions and financial constraints (2003)Corporate cash holdings: An empirical investigation of UK companies (2003)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)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)The Nature of the Firm (1937)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)An Integrative Model Of Organizational Trust (1995)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Econometric Analysis of Cross Section and Panel Data (2001)Do Firms Rebalance Their Capital Structures? (2005)Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Risk, Return, and Equilibrium: Empirical Tests (1973)CEO Overconfidence and Corporate Investment (2005)Econometric Analysis of Panel Data (2021)Common risk factors in the returns on stocks and bonds (1993)Market Timing and Capital Structure (2002)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2006)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2006)Asset Growth and the Cross‐Section of Stock Returns (2008)The determinants and implications of corporate cash holdings (1999)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1984The Capital Structure Puzzle7,520 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 2002Testing Trade-Off and Pecking Order Predictions About Dividends and Debt3,396 cited
  • 2002Testing the pecking order theory of capital structure2,642 cited
  • 2005Partial adjustment toward target capital structures2,038 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
  • 1994Testing Static Trade-off Against Pecking Order Models of Capital Structure1,164 cited
  • 1999Testing Tradeoff and Pecking Order Predictions About Dividends and Debt1,140 cited
  • 1990Equity Issues and Stock Price Dynamics660 cited
  • 2002Testing Trade-Off and Pecking Order Predictions about Dividends and Debt83 cited

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  • 1989Equity Issues and Stock Price Dynamics39 cited
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    • 2023Capital Structure and Corporate Performance: An Empirical Analysis from Central Europe17 cited