Testing pecking order theory against static tradeoff theory : The case of construction companies listed on HOSE from 2010 to 2014

dc.contributor.author	Nguyen Thanh, Lam
dc.date.accessioned	2017-10-21T04:05:31Z
dc.date.accessioned	2018-06-20T07:38:38Z
dc.date.available	2017-10-21T04:05:31Z
dc.date.available	2018-06-20T07:38:38Z
dc.date.issued	2016
dc.identifier.other	022002756
dc.identifier.uri	http://10.8.20.7:8080/xmlui/handle/123456789/2010
dc.description.abstract	The objective of this research is to review and analyze two significant theories of capital structure field which are the pecking order theory and the static trade-off theory. Employing a sample of 25 Vietnamese construction companies listed on Ho Chi Minh Stock Exchange (HOSE) over a period from 2010 to 2014. This paper uses panel data based on the model of Shyam-Sunder & Myers (1999) and Chirinko & Singha (2000). The conclusions state that pecking order theory and static trade-off theory cannot illuminate behavioral finance in capitalizing of Vietnam construction firms. The pecking order’s semi strong form model explains financing behaviors of observed firms and indicates positive relationship between funds flow deficit and adjustment of issuing stock.	en_US
dc.description.sponsorship	MSc. Le Dang Thuy Trang	en_US
dc.language.iso	en_US	en_US
dc.publisher	International University - HCMC	en_US
dc.subject	Financial institution	en_US
dc.title	Testing pecking order theory against static tradeoff theory : The case of construction companies listed on HOSE from 2010 to 2014	en_US
dc.type	Thesis	en_US