Asymmetric Information and the Pecking (Dis)Order*
نویسندگان
چکیده
منابع مشابه
The Pecking Order, Debt Capacity, and Information Asymmetry
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Article history: Received 6 March 2012 Received in revised form 30 May 2013 Accepted 4 June 2013 Available online 11 June 2013 We suggest that the limited access to the public debt market is a reason for the violations of pecking order behavior documented in literature. We show that as information asymmetry increases, two effects take place. On the one hand, firms do desire to increase the debt...
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ژورنال
عنوان ژورنال: Review of Finance
سال: 2020
ISSN: 1572-3097,1573-692X
DOI: 10.1093/rof/rfaa005