L
Lakshmi Shyam-Sunder
Researcher at International Finance Corporation
Publications - 4
Citations - 2250
Lakshmi Shyam-Sunder is an academic researcher from International Finance Corporation. The author has contributed to research in topics: Debt ratio & Capital structure. The author has an hindex of 3, co-authored 4 publications receiving 2188 citations.
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Testing static tradeoff against pecking order models of capital structure
TL;DR: In this paper, the authors compare traditional capital structure models against the alternative of a pecking order model of corporate financing, which predicts external debt financing driven by the internal financial deficit, has much greater time-series explanatory power than a static trade-off model which predicts that each firm adjusts gradually toward an optimal debt ratio.
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Testing static trade-off against pecking order models of capital structure
TL;DR: In this article, the authors compare traditional capital structure models against the alternative of a pecking order model of corporate financing, which predicts external debt financing driven by the internal financial deficit, and show that the power of some usual tests of the trade-off model is virtually nil.
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Testing Static Trade-off Against Pecking Order Models of Capital Structure
TL;DR: In this article, the authors compare traditional capital structure models against the alternative of a pecking order model of corporate financing, which predicts external debt financing driven by the internal financial deficit, and show that the power of some usual tests of the trade-off model is virtually nil.
Posted Content
Testing Static Trade-off Against Pecking Order Models of Capital Structure
TL;DR: In this article, the authors compare traditional capital structure models against the alternative of a pecking order model of corporate financing, which predicts external debt financing driven by the internal financial deficit, and show that the power of some usual tests of the trade-off model is virtually nil.