Some aspects regarding the financial structure theories
In 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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- Andrew Atkeson & Harold Cole, 2005.
"A Dynamic Theory of Optimal Capital Structure and Executive Compensation,"
NBER Working Papers
11083, National Bureau of Economic Research, Inc.
- Harold Cole & Andrew Atkeson, 2004. "A Dynamic Theory of Optimal Capital Structure and Executive Compensation," 2004 Meeting Papers 267, Society for Economic Dynamics.
- Jeffrey A. Wurgler & Malcolm P. Baker, 2001.
"Market Timing and Capital Structure,"
Yale School of Management Working Papers
ysm181, Yale School of Management.
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- Harris, Milton & Raviv, Artur, 1991. " The Theory of Capital Structure," Journal of Finance, American Finance Association, vol. 46(1), pages 297-355, March.
- Graham, John R. & Harvey, Campbell R., 2001. "The theory and practice of corporate finance: evidence from the field," Journal of Financial Economics, Elsevier, vol. 60(2-3), pages 187-243, May.
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