Acceso al sitio web del Consejo de Políticas de Infraestructura

   
Redirigiendo al acceso original de articulo en 20 segundos...
ARTÍCULO
TITULO

Financial Decision of Tunisian Firms in the Context of Market Timing Theory

Ramzi Drissi    
Tarek Ghazouani    
Assaad Ghazouani    

Resumen

This work focuses on the study of the determinants of capital structure in the context of the "Market Timing" theory in a sample of 20 Tunisian firms listed on the Tunis Stock Exchange during the period 2004-2010. The empirical analysis shows that the results are inconclusive regarding the relevance of certain variables from this theoretical framework due to various reasons including market inefficiency. We can also invoke the behavioral dimension of Tunisian companies insofar as direct finance is not often the preferred alternative by the agents as well as to those in need financing capacity. Keywords: Capital structure; Market Timing Theory; Market to Book Ratio; Panel Data JEL Classifications: C33; G31; L25

PÁGINAS
pp. 923 - 931
MATERIAS
ECONOMÍA

 Artículos similares

       
 
Shahid Raza, Sun Baiqing, Pwint Kay-Khine and Muhammad Ali Kemal    
The stock markets in developing countries are highly responsive to breaking news and events. Our research explores the impact of economic conditions, financial policies, and politics on the KSE-100 index through daily market news signals. Utilizing simpl... ver más

 
Khaoula Benayad and Mohammed Rachid Aasri    
This article examines the impact of overconfidence, optimism, risk aversion, mimicry and intuition biases on the investment decisions of Moroccan SMEs managers. The study was based on a sample of 133 SMEs managers, who were randomly selected to ensure th... ver más

 
Syti sarah maesaroh, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia, Indonesia Agus Rahayu, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia, Indonesia Lili Adi Wibowo, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia Eeng Ahman, Faculty of Economics and Business Education, Universitas Pendidikan Indonesia  10.21831/economia.v19i1.48918     Pág. 68 - 80
This study investigates how business actors' entrepreneurial orientation and rationality affect MSMEs' performance, as well as how the availability of financing affects that performance. Using a random sampling technique, we surveyed 195 MSMEs from vario... ver más
Revista: Jurnal Economia

 
Ahmed Abdel Magid, Khaled Hussainey, Javier De Andrés and Pedro Lorca    
Despite the spread and progress in the literature related to the disclosure of corporate social responsibility (CSR) performance around the world as one of the most essential tools for achieving sustainable development in society, its value relevance is ... ver más

 
Zdenek Zme?kal, Dana Dluho?ová, Karolina Lisztwanová, Antonín Poncík and Iveta Ratmanová    
The paper is focused on predicting the financial performance of a small open economy with an automotive industry with an above-standard share. The paper aims to predict the probability distribution of the decomposed relative economic value-added measure ... ver más
Revista: Forecasting