Testing the validity of capital structure theories using the partial adjustment method: Evidence from Philippine firms from 2005-2009

• Main Authors: De Jesus, Justin Niccolo, Dy, Mark Matthewson, Legados, Zamanta, Monedero, Ma. Lourdes
• 格式: text
• 語言: English
• 出版: Animo Repository 2011
• 主題: Financial institutions > Philippines > Management; Finance > Philippines; Finance and Financial Management
• 在線閱讀: https://animorepository.dlsu.edu.ph/etd_bachelors/18378

This paper investigates the applicability of capital structure theories such as tradeoff, pecking order, and maket timing using Philippine publicly listed firms from 2005-2009. The tradeoff theory suggests that firms adjust their leverage levels in an attempt to meet its optimal leverage ratio. On t...