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The signal effect used to explain the pecking order states that Firms are unwilling to issue bond if they find themselves profitable. Firms are unwilling
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The signal effect used to explain the pecking order states that
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Firms are unwilling to issue bond if they find themselves profitable.
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Firms are unwilling to issue equity if they find themselves profitable.
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Firms are unwilling to issue equity if they find themselves in need of liquidity.
The signal effect used to explain the pecking order states that
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Firms are unwilling to issue bond if they find themselves profitable.
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Firms are unwilling to issue equity if they find themselves profitable.
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Firms are unwilling to issue equity if they find themselves in need of liquidity.
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