Validity of pecking order and trade-off theories in explaining capital structure of listed firms in South Africa
Theoretical and empirical debates on how firms finance themselves remain inconclusive. Pecking order and trade-off theory of capital structure emerge as the main theories of capital structure that explains how firms finance themselves in real world. However, static model specifications are mostly us...
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/66308/1/FEP%202012%2020%20IR.pdf |