Pecking order theory: A comparative test and insight analysis on its occurrence in the Philippine and Indonesian listed non-financial firms for the period 2005-2009

• Main Authors: Chua, Jenny, Ouyang, Yarong, Shi, Jia Jia, Xu, Xiaoni
• Format: text
• Language: English
• Published: Animo Repository 2011
• Subjects: Finance > Philippines; Debt > Philippines; Equity > Philippines; Finance > Indonesia; Debt > Indonesia; Equity > Indonesia; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18520
• Institution: De La Salle University

Pecking order theory states that there is a hierarchy in the financing choice of a firm, that being, internal financing, debt, then equity. This study regress cash dividends, cash used in investing activities, change in working capital, and net operating cash flow against change in noncurrent liabil...