Discussion of 'Does the Pecking Order Hypothesis Explain the Dividend Payout Ratios of Firms in the UK?'
Article Abstract:
A substantial body of research has been conducted on the pecking order hypothesis of corporate financing. This theory was proposed as early as 1961 and furnishes an alternative to the traditional static trade-off model that is used to explain corporate funding dynamics. Author Adedeji Abimbola's contribution to the pecking order theory is particularly welcome as there are few empirical studies of UK corporate financing and few comprehensive tests of this theory in any country.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 1998
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Discussion of Contrarian investment and macroeconomic risk
Article Abstract:
This discussion summarizes the contrarian investment research of Alan Gregory, Richard D.F. Harris and Maria Michou. Research design issues of their study are considered and remarked upon.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2003
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Discussion of restructuring and firm value: The Effects of profitability and restructuring purpose
Article Abstract:
The effects of profitability and restructuring purpose, as discussed by Khurana and Lippincott, are examined.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2000
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