Articles by Author: Chimwemwe Chipeta

Search results for Chimwemwe Chipeta

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  1. The asymmetric effects of financing deficits and surpluses on the pecking order theory in sub-Saharan Africa

    The asymmetric effects of financing deficits and surpluses on the pecking order theory in sub-Saharan Africa

    Item type: Journal Article • Journal: Investment Analysts Journal
    This paper is the first to examine the asymmetric effects of financing deficits and surpluses on the pecking order financing strategies in sub-Saharan Africa. Panel data estimation techniques are carried out on a sample of 564 non-financial firms for the...
  2. In search of conclusive evidence on the trade-off and pecking order theories of capital structure: Evidence from the Johannesburg Stock Exchange

    In search of conclusive evidence on the trade-off and pecking order theories of capital structure: Evidence from the Johannesburg Stock Exchange

    Item type: Journal Article • Journal: Investment Analysts Journal
    This paper tests the validity of the trade-off and pecking order theories of capital structure for non-financial firms listed on the Johannesburg Stock Exchange. Firstly, we find that the pecking order model is superior than the partial adjustment regressions at...
  3. Day-of-the-week effect: Evidence from the nine economic sectors of the JSE

    Day-of-the-week effect: Evidence from the nine economic sectors of the JSE

    Item type: Journal Article • Journal: Investment Analysts Journal
    This study is the first in South Africa to test directly for the day-of-the-week effect on skewness and kurtosis on the nine listed economic stock market sector indices of the JSE. The empirical results of this study show no evidence...
  4. Firm heterogeneity, macroeconomic conditions and capital structure adjustment speeds: Evidence from the JSE

    Firm heterogeneity, macroeconomic conditions and capital structure adjustment speeds: Evidence from the JSE

    Item type: Journal Article • Journal: Investment Analysts Journal
    This paper examines the effects of firm heterogeneity and macroeconomic conditions on the adjustment speed towards the target level of capital structure. The DPF estimator is used to carry out the analysis for a panel of 191 non-financial firms listed...