How important is the impact of market timing on capital structure? A management perspective

This study employs a survey approach in analytically identifying the presence as well as the importance of the market timing theory in explaining how Malaysian managers make their corporate financing decision. This study investigates whether the issuance decisions of firms are consistent with the tr...

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Bibliographic Details
Main Author: Ibrahim, Khairunisah
Format: Monograph
Language:English
Published: s.n 2013
Subjects:
Online Access:http://irep.iium.edu.my/38372/1/EDW_A11-357-1148.pdf
http://irep.iium.edu.my/38372/
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Institution: Universiti Islam Antarabangsa Malaysia
Language: English
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Summary:This study employs a survey approach in analytically identifying the presence as well as the importance of the market timing theory in explaining how Malaysian managers make their corporate financing decision. This study investigates whether the issuance decisions of firms are consistent with the traditional theories, notably the static trade- off and pecking order theories or the market timing behavior