Does Market Timing or Past Profitability Determine Capital Structure?

Does Market Timing or Past Profitability Determine Capital Structure?

Peter Högfeldt, Andris Oborenko

Series number :

Serial Number: 
072/2005

Date posted :

July 01 2004

Last revised :

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Keywords

  • Enhaced pecking order • 
  • market timing • 
  • dual-class shares • 
  • capital structure • 
  • retained earnings • 
  • rights issues • 
  • SEOs • 
  • persistent effects

Authors

Real name: 
Peter Högfeldt
Department of Finance, Stockholm School of Economics
Real name: 
Andris Oborenko