Corporate Financial Dynamics: A Pecking-Order Approach - 10.1628/001522105776072735 - Mohr Siebeck
Economics

Hovick Shahnazarian

Corporate Financial Dynamics: A Pecking-Order Approach

Section: Articles
FinanzArchiv (FA)

Volume 61 () / Issue 4, pp. 516-534 (19)

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y issuing new shares in combination with debt, then grow by financing its investments with retained earnings and borrowing, and eventually stop growing and distribute all profits. Repurchases of shares will speed up this growth path. Economic depreciation may make the firm want to stop the decline in its capital stock earlier.
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Hovick Shahnazarian No current data available.