The Pecking Order and Financing Decisions: Evidence From Changes to Financial-Reporting Regulation
We use the staggered introduction of a major financial-reporting regulation worldwide to study whether firms make financing decisions consistent with the pecking order theory. Exploiting cross-country and within country-year variation, we document that treated firms increase their issuance of extern...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
SAGE Publications,
2021-04-21T21:01:10Z.
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| Subjects: | |
| Online Access: | Get fulltext |