Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries

This paper analyses the financial if the behavior of the Canadian and Colombian companies follow the pecking order theory, using a sample of firms of several sectors in those countries. The study is conducted over a net sample of 74 Colombian firms and 104 Can adian firms, for the years 2006 to 2010...

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Autores:
Buenaventura Vera, Guillermo
Tipo de recurso:
Article of investigation
Fecha de publicación:
2012
Institución:
Universidad ICESI
Repositorio:
Repositorio ICESI
Idioma:
eng
OAI Identifier:
oai:repository.icesi.edu.co:10906/79802
Acceso en línea:
http://asian-transactions.org/Journals/Vol02Issue05/ATBAS/ATBAS-80222057.pdf
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.673.3979&rep=rep1&type=pdf
http://hdl.handle.net/10906/79802
Palabra clave:
Economía
Negocios y management
Economics
Business
Estructura de capital
Analisis financiero
Empresas colombianas
Rights
openAccess
License
https://creativecommons.org/licenses/by-nc-nd/4.0/
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oai_identifier_str oai:repository.icesi.edu.co:10906/79802
network_acronym_str ICESI2
network_name_str Repositorio ICESI
repository_id_str
spelling Buenaventura Vera, Guillermobuenver@icesi.edu.coIslamabad de Lat: 33 42 37 N degrees minutes Lat: 33.7104 decimal degrees Long: 073 08 02 E degrees minutes Long: 73.1338 decimal degrees2016-08-16T13:06:47Z2016-08-16T13:06:47Z2012-10-012221-4291http://asian-transactions.org/Journals/Vol02Issue05/ATBAS/ATBAS-80222057.pdfhttp://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.673.3979&rep=rep1&type=pdfhttp://hdl.handle.net/10906/79802instname: Universidad Icesireponame: Biblioteca Digitalrepourl: https://repository.icesi.edu.co/This paper analyses the financial if the behavior of the Canadian and Colombian companies follow the pecking order theory, using a sample of firms of several sectors in those countries. The study is conducted over a net sample of 74 Colombian firms and 104 Can adian firms, for the years 2006 to 2010, using the creative Shyam - Sunder and Myers (1999) model. As a general result, we observe that Canadian’s firm finance their deficit using long term debt while Colombian companies do not. Moreover other important resu lts were obtained from subdivide samples by company size.4 páginasDigitalapplication/pdfengJournals of Engineering, Computing, Sciences & TechnologyFacultad de Ciencias Administrativas y EconómicasContaduría Pública y Finanzas InternacionalesDepartamento Contable y FinancieroIslamabadAsian Transactions on Basic and Applied Sciences, Vol. 02, No.5 - 2012EL AUTOR, expresa que la obra objeto de la presente autorización es original y la elaboró sin quebrantar ni suplantar los derechos de autor de terceros, y de tal forma, la obra es de su exclusiva autoría y tiene la titularidad sobre éste. PARÁGRAFO: en caso de queja o acción por parte de un tercero referente a los derechos de autor sobre el artículo, folleto o libro en cuestión, EL AUTOR, asumirá la responsabilidad total, y saldrá en defensa de los derechos aquí autorizados; para todos los efectos, la Universidad Icesi actúa como un tercero de buena fe. Esta autorización, permite a la Universidad Icesi, de forma indefinida, para que en los términos establecidos en la Ley 23 de 1982, la Ley 44 de 1993, leyes y jurisprudencia vigente al respecto, haga publicación de este con fines educativos. Toda persona que consulte ya sea la biblioteca o en medio electrónico podrá copiar apartes del texto citando siempre la fuentes, es decir el título del trabajo y el autor.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2EconomíaNegocios y managementEconomicsBusinessEstructura de capitalAnalisis financieroEmpresas colombianasTesting the Pecking Order Theory : Comparative Evidence between two differentiated countriesinfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_2df8fbb1Artículoinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85Comunidad Universidad Icesi – Investigadores255458ORIGINALdocumento.htmldocumento.htmltext/html383http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/79802/1/documento.html4c31b7889f119c00ff9c5e6d839b6fcfMD5110906/79802oai:repository.icesi.edu.co:10906/798022018-10-05 09:32:43.415Biblioteca Digital - Universidad icesicdcriollo@icesi.edu.co
dc.title.spa.fl_str_mv Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
title Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
spellingShingle Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
Economía
Negocios y management
Economics
Business
Estructura de capital
Analisis financiero
Empresas colombianas
title_short Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
title_full Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
title_fullStr Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
title_full_unstemmed Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
title_sort Testing the Pecking Order Theory : Comparative Evidence between two differentiated countries
dc.creator.fl_str_mv Buenaventura Vera, Guillermo
dc.contributor.author.spa.fl_str_mv Buenaventura Vera, Guillermo
dc.subject.none.fl_str_mv Economía
Negocios y management
Economics
Business
Estructura de capital
Analisis financiero
Empresas colombianas
topic Economía
Negocios y management
Economics
Business
Estructura de capital
Analisis financiero
Empresas colombianas
description This paper analyses the financial if the behavior of the Canadian and Colombian companies follow the pecking order theory, using a sample of firms of several sectors in those countries. The study is conducted over a net sample of 74 Colombian firms and 104 Can adian firms, for the years 2006 to 2010, using the creative Shyam - Sunder and Myers (1999) model. As a general result, we observe that Canadian’s firm finance their deficit using long term debt while Colombian companies do not. Moreover other important resu lts were obtained from subdivide samples by company size.
publishDate 2012
dc.date.issued.none.fl_str_mv 2012-10-01
dc.date.accessioned.none.fl_str_mv 2016-08-16T13:06:47Z
dc.date.available.none.fl_str_mv 2016-08-16T13:06:47Z
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.coar.none.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.none.fl_str_mv Artículo
dc.type.version.none.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.coarversion.none.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
format http://purl.org/coar/resource_type/c_2df8fbb1
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 2221-4291
dc.identifier.other.spa.fl_str_mv http://asian-transactions.org/Journals/Vol02Issue05/ATBAS/ATBAS-80222057.pdf
dc.identifier.other.none.fl_str_mv http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.673.3979&rep=rep1&type=pdf
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10906/79802
dc.identifier.instname.none.fl_str_mv instname: Universidad Icesi
dc.identifier.reponame.none.fl_str_mv reponame: Biblioteca Digital
dc.identifier.repourl.none.fl_str_mv repourl: https://repository.icesi.edu.co/
identifier_str_mv 2221-4291
instname: Universidad Icesi
reponame: Biblioteca Digital
repourl: https://repository.icesi.edu.co/
url http://asian-transactions.org/Journals/Vol02Issue05/ATBAS/ATBAS-80222057.pdf
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.673.3979&rep=rep1&type=pdf
http://hdl.handle.net/10906/79802
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.none.fl_str_mv Asian Transactions on Basic and Applied Sciences, Vol. 02, No.5 - 2012
dc.rights.uri.none.fl_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.accessrights.none.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.license.none.fl_str_mv Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)
dc.rights.coar.none.fl_str_mv http://purl.org/coar/access_right/c_abf2
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/
Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.extent.none.fl_str_mv 4 páginas
dc.format.medium.none.fl_str_mv Digital
dc.format.mimetype.none.fl_str_mv application/pdf
dc.coverage.spatial.none.fl_str_mv Islamabad de Lat: 33 42 37 N degrees minutes Lat: 33.7104 decimal degrees Long: 073 08 02 E degrees minutes Long: 73.1338 decimal degrees
dc.publisher.spa.fl_str_mv Journals of Engineering, Computing, Sciences & Technology
dc.publisher.faculty.none.fl_str_mv Facultad de Ciencias Administrativas y Económicas
dc.publisher.program.none.fl_str_mv Contaduría Pública y Finanzas Internacionales
dc.publisher.department.none.fl_str_mv Departamento Contable y Financiero
dc.publisher.place.none.fl_str_mv Islamabad
institution Universidad ICESI
bitstream.url.fl_str_mv http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/79802/1/documento.html
bitstream.checksum.fl_str_mv 4c31b7889f119c00ff9c5e6d839b6fcf
bitstream.checksumAlgorithm.fl_str_mv MD5
repository.name.fl_str_mv Biblioteca Digital - Universidad icesi
repository.mail.fl_str_mv cdcriollo@icesi.edu.co
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