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What is Capital Structure Insights in Developing Economies about?
The article analyzes factors influencing capital structure decisions of different types of organizations in developing economies like Turkey. It finds that the trade-off theory provides a stronger explanation of capital structures for various firm types than the pecking order theory. Additionally, the trade-off theory best explains financing decisions of large private non-manufacturing firms, especially in stable economic conditions, while the pecking order theory is more useful for small public manufacturi
- Author
- Utsav Amar
- Language
- EN