Financial Decision of Tunisian Firms in the Context of Market Timing Theory

Ramzi DRİSSİ; Tarek GHAZOUANİ; Assaad GHAZOUANİ

Makale detayları

Financial Decision of Tunisian Firms in the Context of Market Timing Theory

Yazarlar:

Ramzi DRİSSİ | Tarek GHAZOUANİ | Assaad GHAZOUANİ

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2013 Vol.3 Issue 4, pp.923-931

Belge Tipi:

Makale

Yayın Tarihi:

11/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000814583

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

This work focuses on the study of the determinants of capital structure in the context of the "Market Timing" theory in a sample of 20 Tunisian firms listed on the Tunis Stock Exchange during the period 2004-2010. The empirical analysis shows that the results are inconclusive regarding the relevance of certain variables from this theoretical framework due to various reasons including market inefficiency. We can also invoke the behavioral dimension of Tunisian companies insofar as direct finance is not often the preferred alternative by the agents as well as to those in need financing capacity.

Makale detayları

Financial Decision of Tunisian Firms in the Context of Market Timing Theory

Yazarlar: Ramzi DRİSSİ | Tarek GHAZOUANİ | Assaad GHAZOUANİ

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2013 Vol.3 Issue 4, pp.923-931

Belge Tipi: Makale

Yayın Tarihi: 11/2013

Belge Dili: Türkçe

Document ID (Org No.): 2000814583

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Ramzi DRİSSİ | Tarek GHAZOUANİ | Assaad GHAZOUANİ

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2013 Vol.3 Issue 4, pp.923-931

Belge Tipi:

Makale

Yayın Tarihi:

11/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000814583

Sıklık:

İki Aylık

eISSN:

2146-4138