EN
Financial Decision of Tunisian Firms in the Context of Market Timing Theory
Abstract
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.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
December 1, 2013
Submission Date
December 1, 2013
Acceptance Date
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Published in Issue
Year 2013 Volume: 3 Number: 4
APA
Drissi, R., Ghazouani, T., & Ghazouani, A. (2013). Financial Decision of Tunisian Firms in the Context of Market Timing Theory. International Journal of Economics and Financial Issues, 3(4), 923-931. https://izlik.org/JA33RT25DZ
AMA
1.Drissi R, Ghazouani T, Ghazouani A. Financial Decision of Tunisian Firms in the Context of Market Timing Theory. IJEFI. 2013;3(4):923-931. https://izlik.org/JA33RT25DZ
Chicago
Drissi, Ramzi, Tarek Ghazouani, and Assaad Ghazouani. 2013. “Financial Decision of Tunisian Firms in the Context of Market Timing Theory”. International Journal of Economics and Financial Issues 3 (4): 923-31. https://izlik.org/JA33RT25DZ.
EndNote
Drissi R, Ghazouani T, Ghazouani A (December 1, 2013) Financial Decision of Tunisian Firms in the Context of Market Timing Theory. International Journal of Economics and Financial Issues 3 4 923–931.
IEEE
[1]R. Drissi, T. Ghazouani, and A. Ghazouani, “Financial Decision of Tunisian Firms in the Context of Market Timing Theory”, IJEFI, vol. 3, no. 4, pp. 923–931, Dec. 2013, [Online]. Available: https://izlik.org/JA33RT25DZ
ISNAD
Drissi, Ramzi - Ghazouani, Tarek - Ghazouani, Assaad. “Financial Decision of Tunisian Firms in the Context of Market Timing Theory”. International Journal of Economics and Financial Issues 3/4 (December 1, 2013): 923-931. https://izlik.org/JA33RT25DZ.
JAMA
1.Drissi R, Ghazouani T, Ghazouani A. Financial Decision of Tunisian Firms in the Context of Market Timing Theory. IJEFI. 2013;3:923–931.
MLA
Drissi, Ramzi, et al. “Financial Decision of Tunisian Firms in the Context of Market Timing Theory”. International Journal of Economics and Financial Issues, vol. 3, no. 4, Dec. 2013, pp. 923-31, https://izlik.org/JA33RT25DZ.
Vancouver
1.Ramzi Drissi, Tarek Ghazouani, Assaad Ghazouani. Financial Decision of Tunisian Firms in the Context of Market Timing Theory. IJEFI [Internet]. 2013 Dec. 1;3(4):923-31. Available from: https://izlik.org/JA33RT25DZ