Arshanapalli, Bala; Nelson, William - In: The International Journal of Business and Finance Research 8 (2014) 5, pp. 1-8
The paper examines the capital structure decision of 3,432 US companies in the year 2006 and 2011. The paper employs quantile regression to explore the predictions of the trade-off and pecking order models. We find evidence of heterogeneity in the capital structure and the determinants of...