Pecking at Pecking Order Theory: Evidence from Pakistan’s Non-financial Sector

Pecking at Pecking Order Theory: Evidence from Pakistan’s Non-financial Sector

This study tests the Pecking Order Theory for the capital structure of listed firms in Pakistan. As per Pecking Order Theory in capital structure formulation, internally generated resources would have first priority, followed by debt issuance where equity is used as a last resort. In its strong form...

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Bibliographic Details
Main Authors: Sheikh Jibran, Shakeel Ahmed Wajid, Iqbal Waheed, Tahir Masood Muhammad
Format: Article
Language:English
Published: Tomas Bata University in Zlín 2012-12-01
Series:Journal of Competitiveness
Subjects:
pecking order theory
capital structure
debt issuance
equity
non-financial firms
bankruptcy
trade-off
Online Access:http://www.cjournal.cz/files/118.pdf

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