Examining pecking order versus trade-off theories of capital structure: New evidence from Japanese firms
This study empirically tests the traditional trade‐off model against the pecking order model of capital structure using data from the Japanese listed companies on the Tokyo Stock Exchange. A pooled sample of 1,362 publicly listed nonfinancial companies from 1991 to 2015 is used to establish the rela...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
John Wiley and Sons
2018
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| Online Access: | https://onlinelibrary.wiley.com/doi/10.1002/ijfe.1657 http://hdl.handle.net/20.500.11937/71714 |