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A study on pecking order followers in IT industry in Taiwan

This paper puts forward the hypothesis that the characteristics of followers of the pecking order theory of capital structure are explicitly distinct from those of non-followers. The factors determining financing behavior are far beyond the conventional perception of asymmetric information. Sampling from the IT industry in Taiwan, we observe that pecking order followers are associated with higher profitability, adequate cash, and other broadly recognized variables.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0715105-230107
Date15 July 2005
CreatorsHsieh, Chi-Shan
ContributorsChinshun Wu, Robert Der-fa Chen, Victor W. Liu, Jen-Jsung Huang
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageEnglish
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0715105-230107
Rightscampus_withheld, Copyright information available at source archive

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