Constructing the capital structure of business organization depends on quite very many perspectives and theories. One of these outlooks is the pecking order approach to capital structure construction. The approach is yet to have seemingly homogenous test both qualitative and quantitative. The non-homogeneity posture has been traced to methodology of analysis and assumptions of adverse selection...

this paper explores the leverage determinants across firms’ sizesbased on the two main theories behind the capital structure, the trade-offand the pecking order theories. a panel data is sued to find therelationship between capital structure and the variables that proxy forbenefits and costs of debt during 1990 to 2006. our findings show thatboth principles help to explain the capital structure...

Woodpeckers are capable of repeated pecking on a tree at remarkably high decelerations (on the order of 10 000m s 2 or 1000 g). In this paper, I re-examine previous studies of pecking and scaling effects in brain injury. I find that there are three keys to woodpeckers’ ability to withstand high decelerations: their small size, which reduces the stress on the brain for a given acceleration; the ...

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...

The pecking order theory of capital structure is one of the most influential theories of corporate finance. The purpose of this study is to explore the most important factors on a firm’s capital structure by pecking-order theory. Hierarchical regression is used as the analysis model. This study examines the determinants of debt decisions for 305 Taiwan electronic companies that are quoted on th...