Explaining the Role of Firm Characteristics on sources of financing mergers and acquisitions based on Pecking Order Theory

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Maleki Amiri Fatemeh; NABAVI CHASHMI SEYED ALI; MEMARIAN ERFAN

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES) Year:2021 | Volume:14 | Issue:50 Page(s): 29-44

Download Full-Text

Persian Verion

View:

293

Download:

Cites:

Information Journal Paper

Title

Explaining the Role of Firm Characteristics on sources of financing mergers and acquisitions based on Pecking Order Theory

Author(s)

Maleki Amiri Fatemeh | NABAVI CHASHMI SEYED ALI | MEMARIAN ERFAN | Issue Writer Certificate

Keywords

Company Characteristics

Financing sources

Merger

Acquisition

Pecking Order Theory

Abstract

The purpose of this study is to explain the role of firm characteristics on corporate Merger and Acquisition financing based on Pecking Order Theory during the years 2014 to 2018. In this study, the company's characteristics are measured from the variable company's size, asset structure, profitability, ratio of interest cost cover, liquidity and Return on assets, and to measure the variable financing methods, using a Pecking Order model of accumulated profit, debt ratio And financial leverage has been used. The results of this study, using regression of combined data, show that the larger the company and the more profitable it is, the company uses less profit from financing its investment projects and turns to external resources. While increasing the return on assets, the company uses more accumulated profits and financial leverage than debt. In other words, companies do not follow a Pecking Order Theory in providing all the funding they need. Also, in this study, no significant relationship was observed between asset structure, ratio of interest cost cover and liquidity with Financing sources.

Cites

No record.

References

No record.

Cite

APA: Copy

Maleki Amiri, Fatemeh, NABAVI CHASHMI, SEYED ALI, & MEMARIAN, ERFAN. (2021). Explaining the Role of Firm Characteristics on sources of financing mergers and acquisitions based on Pecking Order Theory. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 14(50 ), 29-44. SID. https://sid.ir/paper/950176/en

Vancouver: Copy

Maleki Amiri Fatemeh, NABAVI CHASHMI SEYED ALI, MEMARIAN ERFAN. Explaining the Role of Firm Characteristics on sources of financing mergers and acquisitions based on Pecking Order Theory. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)[Internet]. 2021;14(50 ):29-44. Available from: https://sid.ir/paper/950176/en

IEEE: Copy

Fatemeh Maleki Amiri, SEYED ALI NABAVI CHASHMI, and ERFAN MEMARIAN, “Explaining the Role of Firm Characteristics on sources of financing mergers and acquisitions based on Pecking Order Theory,” FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), vol. 14, no. 50 , pp. 29–44, 2021, [Online]. Available: https://sid.ir/paper/950176/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops