New Meaningful Effects in Modern Capital Structure Theory

Peter Brusov, Tatiana Filatova and Natali Orekhova
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Tatiana Filatova: Financial University under the Government of Russian Federation
Natali Orekhova: Financial University under the Government of Russian Federation

Chapter Chapter 27 in The Brusov–Filatova–Orekhova Theory of Capital Structure, 2023, pp 607-636 from Springer

Abstract: Abstract Chapter is devoted to describing the new meaningful effects in capital structure theory, discovered within modern theory of capital cost and capital structure, created by Brusov, Filatova, and Orekhova (BFO theory). These qualitatively new effects are present in general version of BFO theory and absent in its perpetuity limit (Modigliani–Miller theory). BFO theory has changed some main existing principles of financial management. Discovered effects modify our understanding of financial management and dictate some unusual managerial decisions.

Keywords: Brusov–Filatova–Orekhova theory; Modigliani–Miller theory; Trade-off theory; Ratings; New effects in corporate finance (search for similar items in EconPapers)
Date: 2023
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Journal Article: New Meaningful Effects in Modern Capital Structure Theory (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-27929-4_27

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DOI: 10.1007/978-3-031-27929-4_27

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