Qiu Smith December 2007

8/21/2019 Qiu Smith December 2007

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A Nonlinear Quantile Regression Test of the Pecking Order Model

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A Nonlinear Quantile Regression Test of the Pecking Order Model

Abstract

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1.

Introduction

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2. Methodology

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References

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Firm’s Characteristics in Different Samples

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The Distributions of Financial Deficits

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The Relationship between Net Debt Issue and Financial Deficit for Firms with Positive

Deficit

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The Relationship between Net Debt Issue and Financial Deficit for Firms with Negative

Deficit

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Summary of the Relationship between Net Debt Issue and Financial Deficit

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The Relationship between Net Debt Issue and Deficit across Different Quantiles

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The Relationship between Net Debt Issue and Deficit for Firms with Positive

Financial Deficit

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The Relationship between Net Debt Issue and Deficit for Firms with Negative

Financial Deficit

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Figure 4

The Relationship between Net Debt Issue and Financial Deficit

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Appendix: Measurement of Variables

Variable Compustat Code

V%64

Documents

Qiu Smith December 2007