Shoaib, Adnan; Siddiqui, Muhammad Ayub - In: Borsa Istanbul Review 22 (2022) 1, pp. 20-36
the trade-off theory or the pecking-order theory. Our results are consistent with agency theory only through managers …-off or pecking-order theory, as seen in patterns in the relationship between the capital structure and firm performance …, whereas agency theory holds only after external intervention by managers in terms of earnings management. …