6 The pecking order theory implies that managers prefer internal to external financing. If external financing is

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6 The pecking order theory implies that managers prefer internal to external financing. If external financing is required, managers tend to choose the safest securities, such as debt. Firms may accumulate slack to avoid external equity.

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Corporate Finance

ISBN: 9781526848093

4th Edition

Authors: David Hillier

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Question Posted: Jul 19, 2024 06:05 PM

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6 The pecking order theory implies that managers prefer internal to external financing. If external financing is

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Corporate Finance

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