This paper discusses capital structure theories, with special attention to partial-adjustment model. Strategic waiting theory of IPO firms and its relation to market timing theory are also discussed. Two empirical tests related to capital structure theory are included. First one is a test on the relation between a firm’s strategic waiting behavior in IPO market and its stock return. Second one is on the relation of a firm’s strategic waiting behavior in IPO market and its subsequent capital structure decision.
| Identifer | oai:union.ndltd.org:MANITOBA/oai:mspace.lib.umanitoba.ca:1993/30071 |
| Date | 02 December 2014 |
| Creators | Ma, Ning |
| Contributors | Mittoo, Usha (Accounting and Finance), Zheng, Steven (Accounting and Finance) Pai, Jeffrey (Warren Centre for Actuarial Studies and Research) Wang, Xikui (Statistics) |
| Source Sets | University of Manitoba Canada |
| Detected Language | English |
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