Capital Structure Decisions in Small and Large Firms: A Life-cycle Theory of Financing

Zsuzsanna Fluck

New York University, Leonard N. Stern School Finance Department Working Paper Seires from New York University, Leonard N. Stern School of Business-

Abstract: This paper focuses on the dynamic capital structure of firms: Why firms choose very different capital structure in different stages of their life-cycles? In a model of optimal financial contracting, we investigate whether subsequent financing decisions

Date: 1999-10-31
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Persistent link: http://EconPapers.repec.org/RePEc:fth:nystfi:99-069

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