The pecking order theory was also confirmed for some indicators (Table 1)....negative link between profitability and indebtedness was consistent with the pecking...
is to create additional capital in the periods of increasing cyclical risks in order...filters contrasting the long-term credit activity with the economic activity in...
together, banks would choose to undertake as much correlated,
systemic risk, in order...industries, betting on common risks, issuing syndicated loans
and the like, in...
interest rate policies, but also on physical presence in the market in order...dominant market players, who set
unfavourable prices to their clients ...
