Some aspects regarding the financial structure theories

Visinescu, Sorin and Micuda, Dan (2009): Some aspects regarding the financial structure theories. Published in:

Abstract

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: financial structure; market timing; trade-off theory; leverage; debt; equity; agency costs
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance; G - Financial Economics > G3 - Corporate Finance and Governance

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