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The Capital Structure of Business Start-Up: Is There a Pecking Order Theory or a Reversed Pecking Order? —Evidence from the Panel Study of Entrepreneurial Dynamics

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Author(s) : Hédia Fourati, Habib Affes   Source: Technology and Investment Journal 2013 vol.4 by Scientific Research Publishing ABSTRACT Using the Panel Study of Entrepreneurial Dynamics, we study if the problems of asymmetry and opacity of information, asset specificity, agency problem and signaling … Continue reading

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The Capital Structure of Business Start-Up: Is There a Pecking Order Theory or a Reversed Pecking Order?

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Novice entrepreneur must think about financial theory when financing business start-up? Little empirical validation of pecking order prediction has been previously developed for a sample of business start-up. In addition, studies the role of financial theories (information opacity, agency problem, … Continue reading

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