Theoretical Conceptions of Optimal Capital Structure
AbstractIs there an optimal capital structure in a company? There is no definite answer to that question. There are many theoretical conceptions in which authors try to indicate a way to determine an optimal capital structure. Most of them are based on the assumption that the optimal capital structure is the one that provides the maximum company value. In practice, however, there are many problems with its determination. The problems already start on the stage of defining the notion of capital and they also occur in the area of capital selection, its valuation, evaluation of its cost and influence on company value. The purpose of the hereby article is to present the basic problems connected with determining the optimal capital structure. The article is of character of theoretical-cognitive study. When defining the scale of the research subject, firstly, it was attempted to concentrate on the issues of relatively permanent cognitive values, emphasizing ambiguous notions and the ones interpreted in a different way and to present the content having its reflection in the international scientific publications. As the result of the research conducted, the theoretical problem was indicated which constitutes a starting point for further empirical studies in the area of company finance management, especially capital management.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
This chapter was published in: Aneta Michalak , , pages 221-228, 2013.
This item is provided by ToKnowPress in its series Active Citizenship by Knowledge Management & Innovation: Proceedings of the Management, Knowledge and Learning International Conference 2013 with number 221-228.
Contact details of provider:
Web page: http://www.toknowpress.net/proceedings/978-961-6914-02-4/
capital; capital structure; company value; education; management;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Nada Trunk Širca).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.