Testing Trade-off and Pecking Order Theories of Capital Structure: Evidence and Arguments

<p>Empirical studies suggests that banks’ capital structure is time invariant and bank-specific. Unobserved time invariant bank-specific effects are important in explaining the financial decision of the banks regarding capital structure. Two theories of finance explaining the target capital st...

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Bibliographic Details
Main Author: Md Takibur Rahman
Format: Article
Language:English
Published: EconJournals 2019-09-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/8514