Dynamic Capital Structure Choice: Theory and Empirical Evidence

Maria Kokoreva

Ekonomicheskaya Politika / Economic Policy, 2012, 110-125

Abstract: The paper presents the literature review of both theoretical and empirical papers devoted to capital structure choice. The dynamic trade-off theory is analysed in comparison with alternative capital structure theories that allows to classify and systemize existent theories. Empirical papers conducted on emerging markets companies’ data provide the evidence of the proposed system of debt-to-equity choice.

Keywords: capital structure; trade-off theory; pecking order theory; market timing theory (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1245

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