منابع مشابه
The pecking order of cross-border investment
Is there a pecking order of cross-border investment in that countries become financially integrated through some types of investment rather than others? Using a novel database of bilateral capital stocks for all types of investment – foreign direct investment (FDI), portfolio equity securities, debt securities as well as loans – for a broad set of 77 countries, we show that such a pecking order...
متن کاملPecking Order or Trade-off Hypothesis
In this paper we test the pecking order and trade-off hypotheses of corporate financing decisions using a cross-section of the largest Chinese listed companies. We build on Allen (1993) and Baskin (1989) to set up three models in which trade-off and pecking order theories give distinctively different predictions: (1) the determinants of leverage, (2) the relationship between leverage and divide...
متن کاملColour Picking - the Pecking Order of Form and Function
Multimedia presentation generation has to be able to balance the functional aspects of a presentation that address the information needs of the user and its aesthetic form. We demonstrate our approach using automatic colour design for which we integrate relevant aspects of colour theory. We do not provide a definition of the relative importance of form versus function, but seek to explore the r...
متن کاملThe Capital Structure of Business Start-Up: Is There a Pecking Order Theory or a Reversed Pecking Order?
Using the Panel Study of Entrepreneurial Dynamics, we study if the problems of asymmetry and opacity of information, asset specificity, agency problem and signaling theory predict the financial structure at inception. Thus, we conduct a study in two steps. First, by analyzing the descriptive statistics, we find that novice entrepreneurs turn first to internal sources of finance. Then, they appl...
متن کاملThe Pecking Order, Debt Capacity, and Information Asymmetry
We quantify the empirical relevance of the pecking order hypothesis using a novel empirical model and testing strategy that addresses statistical power concerns with previous tests. While the classificatory ability of the pecking order varies significantly depending on whether one interprets the hypothesis in a strict or liberal (e.g., “modified” pecking order) manner, the pecking order is neve...
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ژورنال
عنوان ژورنال: Chemical & Engineering News Archive
سال: 1967
ISSN: 0009-2347,2157-4936
DOI: 10.1021/cen-v045n008.p006