{"id":"https://openalex.org/W2265786576","doi":null,"title":"A broader test of market timing theory of capital structure","display_name":"A broader test of market timing theory of capital structure","publication_year":2007,"publication_date":"2007-05-01","ids":{"openalex":"https://openalex.org/W2265786576","mag":"2265786576"},"language":"en","primary_location":{"id":"pmh:oai:ttu-ir.tdl.org:2346/10818","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2346/10818","pdf_url":"https://ttu-ir.tdl.org/bitstreams/4def224f-6926-4c9c-b031-d4c88622f55d/download","source":{"id":"https://openalex.org/S4306402519","display_name":"ThinkTech (Texas Tech University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I12315562","host_organization_name":"Texas Tech University","host_organization_lineage":["https://openalex.org/I12315562"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dissertation"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://ttu-ir.tdl.org/bitstreams/4def224f-6926-4c9c-b031-d4c88622f55d/download","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066159189","display_name":"Halil D. Kaya","orcid":"https://orcid.org/0000-0002-7535-9857","observed_orcids":["https://orcid.org/0000-0002-7535-9857"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Halil D. Kaya","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-7535-9857","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5066159189"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":1,"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":0.9937000274658203,"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":0.9937000274658203,"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":0.0008999999845400453,"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/market-timing","display_name":"market timing","score":0.8970000147819519},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.949999988079071},{"id":"https://openalex.org/keywords/initial-public-offerings","display_name":"initial public offerings","score":0.8949999809265137},{"id":"https://openalex.org/keywords/seasoned-equity-offerings","display_name":"seasoned equity offerings","score":0.972000002861023},{"id":"https://openalex.org/keywords/private-placements","display_name":"private placements","score":0.7630000114440918},{"id":"https://openalex.org/keywords/syndicated-loans","display_name":"syndicated loans","score":0.9860000014305115},{"id":"https://openalex.org/keywords/public-debt","display_name":"public debt","score":0.8519999980926514},{"id":"https://openalex.org/keywords/debt-maturity-choice","display_name":"debt maturity choice","score":0.902999997138977},{"id":"https://openalex.org/keywords/interest-rate-expectations","display_name":"interest rate expectations","score":0.6299999952316284},{"id":"https://openalex.org/keywords/equity-financing","display_name":"equity financing","score":0.5019999742507935},{"id":"https://openalex.org/keywords/financing-decisions","display_name":"financing decisions","score":0.5809999704360962}],"concepts":[{"id":"https://openalex.org/C2777267654","wikidata":"https://www.wikidata.org/wiki/Q3519023","display_name":"Test (biology)","level":2,"score":0.5242257714271545},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4304007887840271},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.424506813287735},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.35713762044906616},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3238614797592163},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.23005777597427368},{"id":"https://openalex.org/C127313418","wikidata":"https://www.wikidata.org/wiki/Q1069","display_name":"Geology","level":0,"score":0.08506089448928833},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"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":2,"locations":[{"id":"pmh:oai:ttu-ir.tdl.org:2346/10818","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2346/10818","pdf_url":"https://ttu-ir.tdl.org/bitstreams/4def224f-6926-4c9c-b031-d4c88622f55d/download","source":{"id":"https://openalex.org/S4306402519","display_name":"ThinkTech (Texas Tech University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I12315562","host_organization_name":"Texas Tech University","host_organization_lineage":["https://openalex.org/I12315562"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dissertation"},{"id":"mag:2265786576","doi":null,"is_oa":false,"landing_page_url":"https://ttu-ir.tdl.org/handle/2346/10818","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:ttu-ir.tdl.org:2346/10818","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2346/10818","pdf_url":"https://ttu-ir.tdl.org/bitstreams/4def224f-6926-4c9c-b031-d4c88622f55d/download","source":{"id":"https://openalex.org/S4306402519","display_name":"ThinkTech (Texas Tech University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I12315562","host_organization_name":"Texas Tech University","host_organization_lineage":["https://openalex.org/I12315562"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Dissertation"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2265786576.pdf","grobid_xml":"https://content.openalex.org/works/W2265786576.grobid-xml"},"referenced_works_count":32,"referenced_works":["https://openalex.org/W2010917876","https://openalex.org/W2017713899","https://openalex.org/W2028427785","https://openalex.org/W2045122965","https://openalex.org/W2046638999","https://openalex.org/W2059752150","https://openalex.org/W2081113003","https://openalex.org/W2084310832","https://openalex.org/W2090477211","https://openalex.org/W2125720994","https://openalex.org/W2126603824","https://openalex.org/W2138593640","https://openalex.org/W2140345050","https://openalex.org/W2155657697","https://openalex.org/W2167351159","https://openalex.org/W2170790204","https://openalex.org/W3121973884","https://openalex.org/W3122095874","https://openalex.org/W3122355488","https://openalex.org/W3122398884","https://openalex.org/W3122420217","https://openalex.org/W3122467629","https://openalex.org/W3122550102","https://openalex.org/W3123142049","https://openalex.org/W3123363562","https://openalex.org/W3123782511","https://openalex.org/W3124114405","https://openalex.org/W3124450204","https://openalex.org/W3124871904","https://openalex.org/W3125087107","https://openalex.org/W3125237379","https://openalex.org/W3125934511"],"related_works":["https://openalex.org/W2186660763","https://openalex.org/W2918044797","https://openalex.org/W7098842651","https://openalex.org/W7096557731","https://openalex.org/W2235376250","https://openalex.org/W2140123079","https://openalex.org/W7049119399","https://openalex.org/W1531906006","https://openalex.org/W4236055131","https://openalex.org/W1603639831"],"abstract_inverted_index":{"This":[0],"dissertation":[1],"attempts":[2],"to":[3,58,121,135,148],"answer":[4],"these":[5,37],"three":[6,103],"main":[7,176,200],"questions:":[8],"(1)":[9],"Is":[10],"there":[11],"evidence":[12,69,300],"of":[13,36,63,70,216,221,265,284,301,305],"market":[14,32,71,208,260,278,306],"timing":[15,33,72,261,279,307],"by":[16],"corporations":[17],"in":[18,34,73,111,164,195,308],"equity,":[19,309],"public":[20,76,151,240,242,289,310],"debt,":[21,77,241,246,311],"private":[22,78,184,245,248,272,312],"placement,":[23],"144a,":[24],"and":[25,80,90,153,167,186,218,239,244,247,250,271,275,291,314],"syndicated":[26,81,154,251,276,292,315],"bank":[27,82,155,252,316],"loan":[28,83,156,253,277,293,317],"markets?":[29],"(2)":[30],"Does":[31],"each":[35],"markets":[38,324],"have":[39,210,230],"a":[40,55,60,234,263,266,281,285,302],"persistent":[41,303],"impact":[42,212,232,304],"on":[43,118,145,213,233],"issuing":[44],"firms\u2019":[45],"capital":[46],"structures?":[47],"(3)":[48],"What":[49],"are":[50,132,325],"the":[51,108,112,124,161,171,192,214,219,256,322,328],"factors":[52],"that":[53,87,226],"affect":[54],"firm\u2019s":[56],"decision":[57],"use":[59,159,190],"specific":[61],"type":[62],"financing?":[64],"\\n":[65,66,205,206,295,296],"I":[67,85,224],"find":[68,86,225],"IPO,":[74],"SEO,":[75],"placement/144a,":[79,313],"markets.":[84,318],"hot-market":[88],"IPO":[89],"SEO":[91],"firms":[92,99,106,127,158],"issue":[93],"substantially":[94],"more":[95],"equity":[96,238,259,270,323],"than":[97],"cold-market":[98],"do.":[100],"In":[101,150],"all":[102],"debt":[104,152,222,243,249,273,290],"markets,":[105,157],"incorporate":[107,130,136],"observed":[109,162,193],"changes":[110,163,194],"interest":[113,165,196],"rates":[114,141,166,173,197],"into":[115,142],"their":[116,137,143,168,175,179,199],"decisions":[117,144],"how":[119,146],"much":[120,147],"borrow":[122],"from":[123],"creditors.":[125],"However,":[126,182],"do":[128,228],"not":[129,133,229],"or":[131],"able":[134],"predictions":[138,169],"for":[139,170,178,183,202,321],"future":[140,172],"borrow.":[149],"both":[160],"as":[174,198],"criteria":[177,201],"maturity":[180,203,220],"choice.":[181,204],"placements":[185],"144a":[187],"issues,":[188],"they":[189,227],"only":[191],"Although":[207],"conditions":[209],"an":[211,231],"amount":[215],"financing":[217],"financing,":[223,274],"firm's":[235,267,286],"choice":[236,268,287],"between":[237,269,288],"financing.":[254,294],"On":[255],"other":[257],"hand,":[258],"is":[262,280,298],"determinant":[264],"significant":[282],"predictor":[283],"There":[297],"no":[299],"The":[319],"results":[320],"consistent":[326],"with":[327],"previous":[329],"studies.":[330]},"counts_by_year":[{"year":2020,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}