Munich Personal RePEc Archive

Some aspects regarding the financial structure theories

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


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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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