A REVIEW OF THE CAPITAL STRUCTURE THEORIES

Popescu Luigi () and Visinescu Sorin ()
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Popescu Luigi: Universitatea Pitesti, Facultatea de Stiinte Economice
Visinescu Sorin: ASE Bucuresti

Annals of Faculty of Economics, 2009, vol. 3, issue 1, 315-320

Abstract: In this paper the authors survey capital 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 t

Keywords: capital structure; market timing; trade-off theory; leverage; debt; equity; agency costs (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:3:y:2009:i:1:p:315-320

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