Research Journal of Finance and Accounting
Degree of Internationalization and Selection of Pecking Order: Evidence from Hong Kong Listed Chinese Companies
Abstract
This paper examines the relationship between firm’s degree of internationalization and its selection of pecking order. From observation on 785 Chinese companies listed in Hong Kong main board from 2010 to 2020, breadth of internationalization incentive to forward pecking order, while depth of internationalization promotes reverse pecking order.
Keywords: Internationalization, Breadth of internationalization, Depth of internationalization, Pecking order
DOI: 10.7176/RJFA/15-7-03
Publication date: July 30th 2024
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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