{"id":"https://openalex.org/W1564539153","doi":null,"title":"A dynamic theory of the pecking-order based upon repeated signalling","display_name":"A dynamic theory of the pecking-order based upon repeated signalling","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W1564539153","mag":"1564539153"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:red:sed007:519","doi":null,"is_oa":false,"landing_page_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2007/paper_519.pdf","pdf_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2007/paper_519.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5045667825","display_name":"Dmitry Livdan","orcid":"https://orcid.org/0000-0001-7014-8754","observed_orcids":["https://orcid.org/0000-0001-7014-8754"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Dmitry Livdan","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-7014-8754","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5024924675","display_name":"Bruno Varella Miranda","orcid":"https://orcid.org/0000-0003-0885-0424","observed_orcids":["https://orcid.org/0000-0003-0885-0424"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Bruno Varella Miranda","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-0885-0424","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5004759151","display_name":"Christopher A. Hennessy","orcid":"https://orcid.org/0000-0001-5112-874X","observed_orcids":["https://orcid.org/0000-0001-5112-874X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Christopher A. Hennessy","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0027000000700354576,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.001500000013038516,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pecking-order","display_name":"pecking order","score":0.8539999723434448},{"id":"https://openalex.org/keywords/leverage-ratio","display_name":"leverage ratio","score":0.7929999828338623},{"id":"https://openalex.org/keywords/announcement-effects","display_name":"announcement effects","score":0.9399999976158142},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.6190000176429749},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.640999972820282}],"concepts":[{"id":"https://openalex.org/C59485491","wikidata":"https://www.wikidata.org/wiki/Q1438403","display_name":"Pecking order","level":2,"score":0.6892281770706177},{"id":"https://openalex.org/C39743133","wikidata":"https://www.wikidata.org/wiki/Q3262595","display_name":"Signalling","level":2,"score":0.6485413312911987},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.6132922172546387},{"id":"https://openalex.org/C172983313","wikidata":"https://www.wikidata.org/wiki/Q1567268","display_name":"Pecking order theory","level":4,"score":0.4420488476753235},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.41218167543411255},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3631258010864258},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3607581853866577},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3292933702468872},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3203873634338379},{"id":"https://openalex.org/C47446073","wikidata":"https://www.wikidata.org/wiki/Q5165890","display_name":"Control theory (sociology)","level":3,"score":0.3200604021549225},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.13589757680892944},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.11649250984191895},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.09858947992324829},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0762026309967041},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.06844303011894226},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.061724066734313965},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.0},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:red:sed007:519","doi":null,"is_oa":false,"landing_page_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2007/paper_519.pdf","pdf_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2007/paper_519.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1564539153","doi":null,"is_oa":false,"landing_page_url":"https://www.economicdynamics.org/meetpapers/2007/paper_519.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3123813936","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/red/sed007/519.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306497674","display_name":"2007 Meeting Papers","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"2007 Meeting Papers","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":22,"referenced_works":["https://openalex.org/W1976749975","https://openalex.org/W2010917876","https://openalex.org/W2024569236","https://openalex.org/W2026648205","https://openalex.org/W2027605407","https://openalex.org/W2033400055","https://openalex.org/W2037384821","https://openalex.org/W2037841399","https://openalex.org/W2075966196","https://openalex.org/W2077867009","https://openalex.org/W2081523315","https://openalex.org/W2090681977","https://openalex.org/W2102812912","https://openalex.org/W2146880834","https://openalex.org/W2161668449","https://openalex.org/W2170790204","https://openalex.org/W2256890647","https://openalex.org/W3121131820","https://openalex.org/W3122550102","https://openalex.org/W3124114405","https://openalex.org/W3125087107","https://openalex.org/W3172883420"],"related_works":["https://openalex.org/W7098475806","https://openalex.org/W2178817194","https://openalex.org/W2074095371","https://openalex.org/W3122206384","https://openalex.org/W2581451187","https://openalex.org/W2137071150","https://openalex.org/W2581752887","https://openalex.org/W6986375183","https://openalex.org/W1976630014","https://openalex.org/W2076161125"],"abstract_inverted_index":{"regarding":[0],"leverage":[1],"ratios":[2],"and":[3,6],"announcement":[4],"effects,":[5],"can":[7],"also":[8],"explain":[9],"observed":[10],"violations":[11],"of":[12],"the":[13],"pecking-order":[14],"hypothesis.":[15]},"counts_by_year":[],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
