Does pecking order theory explain leverage behaviour in Pakistan?
This study uses a 34 years' standardized balance sheet data of the manufacturing firms in Pakistan to know the leverage behaviour of these firms over time. The results indicate that leverage has two pervasive and significant relationships: one, negative relationship with current and past profit...
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| Veröffentlicht in: | Applied financial economics |
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
2009
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