Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Tuesday, October 2 • 2:30pm - 3:20pm
E2a - Testing a Pecking Order Model of Household Capital Structure

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This study tests an adaptation of the Pecking Order theory of captial structure to the household. The sample data used for this study are extracted from the Health and Retirement Study (HRS). Following the general methods common in the corporate finance literature, the household funding deficit is constructed and a fixed effects model of the change in debt is tested. Implications for future research and practice are discussed.

Author(s): David Allen Ammerman

avatar for David Allen Ammerman

David Allen Ammerman

Assistant Professor of Finance, West Texas A&M University

Tuesday October 2, 2018 2:30pm - 3:20pm CDT
Michigan 1B

Attendees (2)