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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| Format: | Article |
| Language: | English |
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EconJournals
2019-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/8514 |