Some aspects regarding the financial structure theories
AbstractIn this paper the authors survey financial structure theories, from the start-up point, which is considered Modigliani and Miller’s capital structure irrelevance theorem, to recent theories, such as the pecking order and the market timing theory. For each type of model, a brief overview of the papers surveyed and their relation to each other is provided.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 30412.
Date of creation: 2009
Date of revision:
financial structure; market timing; trade-off theory; leverage; debt; equity; agency costs;
Find related papers by JEL classification:
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- G3 - Financial Economics - - Corporate Finance and Governance
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"Market Timing and Capital Structure,"
Journal of Finance,
American Finance Association, vol. 57(1), pages 1-32, 02.
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