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A dynamic theory of the pecking-order based upon repeated signalling

Dmitry Livdan, Bruno Miranda and Chris Hennessy
Additional contact information
Bruno Miranda: UCLA
Chris Hennessy: UC Berkeley

No 519, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: regarding leverage ratios and announcement effects, and can also explain observed violations of the pecking-order hypothesis.

Date: 2007
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More papers in 2007 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
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