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A dynamic theory of the pecking-order based upon repeated signalling

Author

Listed:
  • Dmitry Livdan

    (Texas A&M)

  • Bruno Miranda

    (UCLA)

  • Chris Hennessy

    (UC Berkeley)

Abstract

regarding leverage ratios and announcement effects, and can also explain observed violations of the pecking-order hypothesis.

Suggested Citation

  • Dmitry Livdan & Bruno Miranda & Chris Hennessy, 2007. "A dynamic theory of the pecking-order based upon repeated signalling," 2007 Meeting Papers 519, Society for Economic Dynamics.
    • Handle: RePEc:red:sed007:519
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