A dynamic theory of the pecking-order based upon repeated signalling
regarding leverage ratios and announcement effects, and can also explain observed violations of the pecking-order hypothesis.
|Date of creation:||2007|
|Date of revision:|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/
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