The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Definition of 'Pecking Order Theory of Financial Gearing'
Firms exhibit preferences in terms of sources of finance. The most acceptable source of finance is retained earnings, followed by borrowing and then by new equity issues.