Question
Which of the following predictions from the pecking order theory of capital structure is FALSE? high-risk firms will end up borrowing more If internally generated
Which of the following predictions from the pecking order theory of capital structure is FALSE?
high-risk firms will end up borrowing more
If internally generated cash flow is more than capital expenditure, firms may pay off debt instead of increasing dividends.
firms prefer internal finance
firms prefer debt to equity when external financing is required
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Information Quality Assurance And Internal Control For Management Decision Making
Authors: William R Kinney
1st Edition
0256221618, 9780256221619
