An empirical investigation of picking order theory on hybrid securities: Evidence from Islamic capital market of Malaysia
Capital structure decision is vital in corporate financial management due to its influence on both, return and risk to shareholders. Pecking Order Theory propagates that external capital such as debt or equity is more expensive than internal fund. This is due to the information asymmetric between a...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |