Review the article on the link below and discuss your finding. https://pages.stern.nyu.edu/~eofek/PhD/papers/FG_Testing_JFE.pdf Testing the pecking order theory
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Review the article on the link below and discuss your finding.
https://pages.stern.nyu.edu/~eofek/PhD/papers/FG_Testing_JFE.pdf
Testing the pecking order theory of capital structure by Murray Z. Frank
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