Qureshi, Muhammad Azeem; Sheikh, Nadeem Ahmed; Khan, … - In: Pakistan journal of commerce and social sciences 9 (2015) 2, pp. 344-356
The objective of this study is to investigate which of the two competing theoretic frameworks; pecking order theory (POT) or trade-off theory (TOT); better explains the corporate leverage behaviour in Pakistan. For this purpose, we use fixed effects model on a large unbalanced panel data...