Some aspects regarding the financial structure theories

Sorin Visinescu and Dan Micuda

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper the authors survey financial 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 type of model, a brief overview of the papers surveyed and their relation to each other is provided.

Keywords: financial structure; market timing; trade-off theory; leverage; debt; equity; agency costs (search for similar items in EconPapers)
JEL-codes: G3 O16 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30412

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