{"id":"https://openalex.org/W41323867","doi":null,"title":"TRADE-OFF VERSUS PECKING ORDER THEORY IN LISTED COMPANIES AROUND THE WORLD","display_name":"TRADE-OFF VERSUS PECKING ORDER THEORY IN LISTED COMPANIES AROUND THE WORLD","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W41323867","mag":"41323867"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:pet:annals:v:12:y:2012:i:2:p:285-292","doi":null,"is_oa":false,"landing_page_url":"http://www.upet.ro/annals/economics/pdf/2012/part2/Vatavu.pdf","pdf_url":"http://www.upet.ro/annals/economics/pdf/2012/part2/Vatavu.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":"article"},"parent_works":[],"lineage":["https://openalex.org/W41323867"],"child_works_count":0,"type":"article","is_traditional":true,"indexed_in":["doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://upet.ro/annals/economics/pdf/2012/part2/Vatavu.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5049187346","display_name":"Sorana V\u0103tavu","orcid":"https://orcid.org/0000-0002-7966-3696","observed_orcids":["https://orcid.org/0000-0002-7966-3696"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Sorana V\u0103tavu","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-7966-3696","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5049187346"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.964,"has_fulltext":false,"cited_by_count":11,"citation_normalized_percentile":{"value":0.81687098,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"12","issue":"2","first_page":"285","last_page":"292"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9970999956130981,"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":0.9970999956130981,"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":0.0015999999595806003,"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/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":9.999999747378752e-05,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/trade-off-theory","display_name":"trade-off theory","score":0.8849999904632568},{"id":"https://openalex.org/keywords/pecking-order-theory","display_name":"pecking order theory","score":0.9990000128746033},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9509999752044678},{"id":"https://openalex.org/keywords/corporate-financing-decisions","display_name":"corporate financing decisions","score":0.6269999742507935},{"id":"https://openalex.org/keywords/debt-and-equity-financing","display_name":"debt and equity financing","score":0.7429999709129333},{"id":"https://openalex.org/keywords/modigliani-miller-theorem","display_name":"Modigliani-Miller theorem","score":0.906000018119812},{"id":"https://openalex.org/keywords/asset-tangibility","display_name":"tangibility","score":0.8460000157356262},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.8870000243186951},{"id":"https://openalex.org/keywords/tax-shields","display_name":"tax shields","score":0.871999979019165},{"id":"https://openalex.org/keywords/investment-opportunities","display_name":"investment opportunities","score":0.921999990940094},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.9860000014305115}],"concepts":[{"id":"https://openalex.org/C172983313","wikidata":"https://www.wikidata.org/wiki/Q1567268","display_name":"Pecking order theory","level":4,"score":0.9713006019592285},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.9163987636566162},{"id":"https://openalex.org/C117131394","wikidata":"https://www.wikidata.org/wiki/Q17141900","display_name":"Tax shield","level":5,"score":0.6820986866950989},{"id":"https://openalex.org/C59485491","wikidata":"https://www.wikidata.org/wiki/Q1438403","display_name":"Pecking order","level":2,"score":0.6559903621673584},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.6533520221710205},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.5850893259048462},{"id":"https://openalex.org/C47702881","wikidata":"https://www.wikidata.org/wiki/Q1303118","display_name":"Internal financing","level":3,"score":0.5252125859260559},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4836231768131256},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.48053842782974243},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.44369882345199585},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4428884983062744},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4364228844642639},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.32248246669769287},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.1325494945049286},{"id":"https://openalex.org/C172008318","wikidata":"https://www.wikidata.org/wiki/Q3683077","display_name":"Gross income","level":4,"score":0.0},{"id":"https://openalex.org/C74939039","wikidata":"https://www.wikidata.org/wiki/Q7603703","display_name":"State income tax","level":3,"score":0.0},{"id":"https://openalex.org/C551662922","wikidata":"https://www.wikidata.org/wiki/Q2346630","display_name":"Tax reform","level":2,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:pet:annals:v:12:y:2012:i:2:p:285-292","doi":null,"is_oa":false,"landing_page_url":"http://www.upet.ro/annals/economics/pdf/2012/part2/Vatavu.pdf","pdf_url":"http://www.upet.ro/annals/economics/pdf/2012/part2/Vatavu.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":"article"},{"id":"mag:41323867","doi":null,"is_oa":true,"landing_page_url":"https://upet.ro/annals/economics/pdf/2012/part2/Vatavu.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2739038340","display_name":"Annals of the University of Petro\u015fani. Economics","issn_l":"1582-5949","issn":["1582-5949"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310314627","host_organization_name":"University of Petro\u0219ani","host_organization_lineage":["https://openalex.org/P4310314627"],"host_organization_lineage_names":["University of Petro\u0219ani"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Annals of the University of Petro\u015fani. Economics","raw_type":null},{"id":"pmh:oai:doaj.org/article:ccfae6673e0c4ea08f361cc1388e1d73","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/ccfae6673e0c4ea08f361cc1388e1d73","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Annals of the University of Petrosani: Economics, Vol XII, Iss 2, Pp 285-292 (2012)","raw_type":"article"}],"best_oa_location":{"id":"mag:41323867","doi":null,"is_oa":true,"landing_page_url":"https://upet.ro/annals/economics/pdf/2012/part2/Vatavu.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2739038340","display_name":"Annals of the University of Petro\u015fani. Economics","issn_l":"1582-5949","issn":["1582-5949"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310314627","host_organization_name":"University of Petro\u0219ani","host_organization_lineage":["https://openalex.org/P4310314627"],"host_organization_lineage_names":["University of Petro\u0219ani"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Annals of the University of Petro\u015fani. Economics","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W2000578291","https://openalex.org/W2035365599","https://openalex.org/W2041101076","https://openalex.org/W2081113003","https://openalex.org/W2084310832","https://openalex.org/W2099358221","https://openalex.org/W2115846503","https://openalex.org/W2124597406","https://openalex.org/W2143437037","https://openalex.org/W2157005718","https://openalex.org/W3121131820","https://openalex.org/W3122075638","https://openalex.org/W3124324454","https://openalex.org/W3124871904"],"related_works":["https://openalex.org/W793447375","https://openalex.org/W1561634662","https://openalex.org/W2625873929","https://openalex.org/W7126398442","https://openalex.org/W3126083511","https://openalex.org/W2234298034","https://openalex.org/W7219931390","https://openalex.org/W2031933256","https://openalex.org/W796895016","https://openalex.org/W2578867799"],"abstract_inverted_index":{"This":[0],"paper":[1,87],"provides":[2],"an":[3],"insight":[4],"into":[5],"the":[6,19,31,57,61,69,73,79,89,99,114,134,139,142,153],"literature":[7],"on":[8,66,98],"capital":[9,15,64,100,119],"structure":[10,16,65,101,120],"and":[11,24,26,52,72,108,128,149],"its":[12],"determinants.":[13],"The":[14,86],"refers":[17],"to":[18,59,113,163],"specific":[20],"combination":[21],"of":[22,39,63,83,102],"debt":[23],"equity":[25],"their":[27],"use":[28],"in":[29,105,133,138],"financing":[30,41,164],"corporate":[32,40,84],"operations.":[33],"Considering":[34],"there":[35],"are":[36,77,131,146],"various":[37],"determinants":[38],"patters,":[42],"many":[43],"theories":[44,82],"have":[45,94],"been":[46],"developed":[47,107],"over":[48],"time.":[49],"From":[50],"Modigliani":[51],"Miller":[53],"theory,":[54,121,141,155],"which":[55],"was":[56],"first":[58],"examine":[60],"impact":[62,97],"firm":[67,159],"value,":[68],"trade-off":[70,135],"theory":[71,76,136],"pecking":[74],"order":[75],"probably":[78],"most":[80,143,156],"influential":[81,144],"finance.":[85],"reveals":[88],"main":[90],"financial":[91,110],"indicators":[92],"that":[93,124],"a":[95,118],"significant":[96,132],"companies":[103],"operating":[104],"both":[106],"under-developed":[109],"markets.":[111],"According":[112],"particular":[115],"preference":[116],"for":[117],"researchers":[122],"showed":[123],"asset":[125],"tangibility,":[126],"profitability":[127,148],"tax":[129],"shield":[130],"while":[137],"pecking-order":[140],"factors":[145],"long-term":[147],"investment":[150],"opportunities.":[151],"Regardless":[152],"presumed":[154],"studies":[157],"found":[158],"size":[160],"as":[161],"essential":[162],"decisions.":[165]},"counts_by_year":[{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2}],"updated_date":"2026-11-14T11:04:58.165337","created_date":"2016-06-24T00:00:00"}
