用“pecking order theory”造句大全，pecking order theory造句
Four kinds of representative theory are mentioned, that is the theory of agency cost, the pecking order theory of financing, the theory of control and the theory of transaction-cost economics.
Therefore, the Chinese private enterprises' financing mode has some differences with what the western "pecking order theory of financing" says.
The phenomenon that China corporations prefer equity financing can hardly be unpuzzled by traditional pecking order theory.
