Maikudi Shehu Musawa and Kamilah Ahmad
DOI: 10.4172/2151-6219.1000361
Renato Hideki Nakasato, Wanderson Heideric Lizardo da Silva, Douglas Dias Bastos and Michele Nascimento Juca
DOI: 10.4172/2151-6219.1000362
The purpose of this study is to test the application of pecking order theory (POT) to companies operating in Brazil and the countries that form the Pacific Alliance (Mexico, Chile, Peru, and Colombia). In order to do this, the methodology chosen is the one developed by Frank and Goyal, which aims to check if the company’s capital structure follows a specific hierarchy based on capital cost. The sample consists of 255 listed companies operating in Brazil and 346 listed companies operating in Pacific Alliance countries between 2010 and 2016. The applied method is a pooled panel data regression model The results point out that the mentioned theory is more applicable to major corporations in Brazil but as well as to small firms in the Pacific Alliance countries. These findings are obtained based on the statistical significance of capital structure determinant market-to-book value ratio, for Brazilian companies, and at tangibility and profitability, in the case of Pacific Alliance companies.
DOI: 10.4172/2151-6219.1000363
Saibal Kumar Saha, Jupitara Kalita and Sangita Saha
DOI: 10.4172/2151-6219.1000364
Roger Loutfi and Bachir El Murr
DOI: 10.4172/2151-6219.1000366
Sayyed Abdolmajid Jalaee, Mehdi Nejati, Pardis Alsadat Seyedmashhadi and Mohsen Zayanderodi
DOI: 10.4172/2151-6219.1000367
DOI: 10.4172/2151-6219.1000368
Muhammad Nauman Sadiq, Raja Ased Azad Khan and Muhammad Kamran Bashir
DOI: 10.4172/2151-6219.1000369
DOI: 10.4172/2151-6219.1000370
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