Managers versus students: new approach in improving capital structure education

Anton Miglo

MPRA Paper from University Library of Munich, Germany

Abstract: According to Graham and Harvey (2001), an immense gap exists between capital structure theories and practice. By analyzing students’ perception of capital structure theories and the differences between their opinion and that of the current CEO’s and managers this paper argues that this can be partially explained by current educational practices. Educators mostly focus on one or maybe two most popular theories and students have much smaller knowledge about other theories. Secondly educational practices favor trade-off theory to asymmetric information based theories. The paper provides some suggestions regarding capital structure education and future research.

Keywords: capital structure education; trade-off theory; pecking-order theory; shareholders-bondholders conflict; life cycle theory; flexibility theory; debt and discipline (search for similar items in EconPapers)
JEL-codes: G32 I21 I22 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-cwa, nep-edu and nep-hrm
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Citations: View citations in EconPapers (1)

Published in Journal of Education and Vocational Research 11.3(2012): pp. 353-369

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Related works:
Journal Article: Managers versus Students: New Approach in Improving Capital Structure Education (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:46695

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