Informative value of firm capital structure
نویسندگان
چکیده
منابع مشابه
Managerial Power, Capital Structure and Firm Value
With the reform of our property rights system, the maturity of the capital market, and the diversification of corporate financing, the capital structure decision has become the major concern of financial management. There are numbers of researches on how to determine the optimal capital structure, what factors affect the capital structure and what the relationship is like between the capital st...
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Ever since Modigliani and Miller made their irrelevance proposition, a key theme in corporate finance has been to explain the conditions under which capital structure does affect firm value. Split-capital closed-end funds successfully exploit such conditions, being worth on average 11% more than conventional closed-end funds. Cross-section and time-series analyses reveal that the extra value co...
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ژورنال
عنوان ژورنال: Prague Economic Papers
سال: 2003
ISSN: 1210-0455,2336-730X
DOI: 10.18267/j.pep.216