The pecking order hypothesis states that managers will have a preference to fund investment by using retained earnings, followed by debt, and will issue equity as a last resort.
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Q99: Firms in industries such as real estate
Q100: Differences in the magnitude of financial distress
Q101: The under-investment problem refers to the problem
Q102: The optimal capital structure depends on _
Q103: Managers should not change the capital structure
Q104: Issuing debt provides incentives for managers to
Q105: Managers should consider _ for external financing
Q107: When a firm's investment decisions have different
Q108: Managers should make use of the interest
Q109: The presence of a large amount of
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