Nartey, Felix Tei
This dissertation examines the capital structure choices of small, owner-managed firms
within the context of the "pecking order" framework of Myers (1984) and Myers and
Majluf (1984). In this framework cost of capital considerations are held to be the raison
d'etre of capital structure choices. The primary focus of the dissertation is on the role of
information asymmetry in generating cost differences between various sources of finance,
and how these differentials explain observed small...[Show more]
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