Journal article
How investment opportunities affect optimal capital structure
- Abstract:
-
The topic of optimal capital structure1 has been well-studied since 1958, when the original Modigliani- Miller theorem2 appeared. Since then, a great many articles have addressed the question of how companies choose their target leverage from both theoretical and empirical perspectives.
Much of this research has focused on the merits and limitations of the so-called “trade-off theory” of capital structure, which describes companies as weighing the tax and control benefits of m...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Publisher copy:
- 10.1111/jacf.12266
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Authors
Bibliographic Details
- Publisher:
- Wiley Publisher's website
- Journal:
- Journal of Applied Corporate Finance Journal website
- Volume:
- 29
- Issue:
- 4
- Pages:
- 112–124
- Publication date:
- 2018-02-01
- Acceptance date:
- 2017-01-15
- DOI:
- EISSN:
-
1745-6622
- ISSN:
-
1078-1196
- Source identifiers:
-
820381
Item Description
- Pubs id:
-
pubs:820381
- UUID:
-
uuid:46e972c5-e209-4fc9-b4d0-4164b1244fb6
- Local pid:
- pubs:820381
- Deposit date:
- 2018-01-18
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- Copyright date:
- 2018
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