20. Pecking-order theory (S17-4) Why does asymmetric information push companies to raise external funds by borrowing rather

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20. Pecking-order theory (S17-4) Why does asymmetric information push companies to raise external funds by borrowing rather than by issuing common stock?

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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