IDEAS home Printed from https://ideas.repec.org/a/taf/glecrv/v40y2011i2p193-210.html
   My bibliography  Save this article

Equity Financing and the Pecking Order Hypothesis in the Emerging Market: Evidence from Taiwan's Relocated Firms in China (TRFC)

Author

Listed:
  • Chen-Jui Huang

Abstract

This article examines two datasets of Taiwan's relocated firms in China (TRFC) and discusses the pros and cons of equity financing alternatives as well as cross-sectional heterogeneity and inter-temporal dynamics in the pecking order of capital structure. On-site listing, regardless of the board chosen, appears a sustainable approach for TRFC to expand in the emerging market of the Mainland. The pecking order hypothesis is mostly supported by evidence from moderately leveraged TRFC as variables are kept unscaled by net book assets, and the role of asymmetric information is confirmed from findings using sub-samples specified by firm size.

Suggested Citation

  • Chen-Jui Huang, 2011. "Equity Financing and the Pecking Order Hypothesis in the Emerging Market: Evidence from Taiwan's Relocated Firms in China (TRFC)," Global Economic Review, Taylor & Francis Journals, vol. 40(2), pages 193-210.
  • Handle: RePEc:taf:glecrv:v:40:y:2011:i:2:p:193-210
    DOI: 10.1080/1226508X.2011.585055
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/1226508X.2011.585055
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:glecrv:v:40:y:2011:i:2:p:193-210. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/RGER20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.