Bhama, Vandana; Jain, Pramod Kumar; Yadav, Surendra Singh - In: International Journal of Managerial Finance 12 (2016) 3, pp. 335-350
Purpose – The purpose of this paper is to test whether Indian firms follow the pecking order theory under situations of deficiency as well as surplus. Design/methodology/approach – The study examines Indian firms included in the Bombay Stock Exchange (BSE) 500 index, covering a time span of...