Chen, Dar-Hsin; Chen, Chun-Da; Chen, Jianguo; Huang, Yu-Fang - In: International Review of Economics & Finance 27 (2013) C, pp. 1-13
We exploit panel data of publicly-traded Taiwanese firms to test the pecking order theory the market timing theory over … timing theory is favorable for the Taiwan stock market especially for the period 1990 to 2001, suggesting that the results of … this theory provide an explanation when our results do not support the pecking order hypothesis. However, the market timing …