What is it about?
The current study investigates whether the basic premises according to the pecking order or market timing theories provide an explanation for the capital structure mix of Egyptian firms as one of the oldest capital markets worldwide.
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Why is it important?
Results will be useful to regulators in structuring and developing capital markets, for managers in recognizing the need for a long-run vision for financing needs in order to reduce financing cost, and for investors in understanding how firms operate and providing reliable information for the benefit of investment decisions.
Read the Original
This page is a summary of: Pecking order and market timing theory in emerging markets: The case of Egyptian firms, Research in International Business and Finance, April 2018, Elsevier,
DOI: 10.1016/j.ribaf.2017.07.098.
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