The Capital Structure Puzzle Stewart C. Myers The Journal of Finance, Vol. 39, No. 3, Papers and Proceedings, Forty-Second Annual Meeting, American Finance Association, San Francisco, CA, December 28-30, 1983. (Jul., 1984), pp. 575-592. Stable URL: /sici?sici=0022-10822939%3A3%3C575...
Capital Structure PuzzleThis paper contrasts the "static tradeoff" and "pecking order" theories of capital structure choice by corporations. In the static tradeoffSocial Science Electronic Publishing
网络资本结构之迷 网络释义 1. 资本结构之迷 1984年Myers的《资本结构之迷》(“The Capital Structure Puzzle”)将信息不对称问题引入资本结构的研究,提出了优序融资 … www.jingjixue.info|基于4个网页
puzzle the capital structure puzzle we know stock prices respond to unanticipated dividend changes, so it is clear that dividends have information content—this observation dates back at least to miller and modigliani (mm) in 1961 i will contrast two ways of thinking about capital structure: 1. ...
The Capital Structure Puzzle: Another Look At The Evidence Since the formulation of the M & M irrelevance propositions 40 years ago, financial economists have been debating whether there is such a thing as optimal capital structure—a proportion of debt to equity that maximizes current firm valu....
Bancel, F. and Mittoo, U.R. (2004) ‘Cross-Country Determinants of Capital Structure: A Survey of European Firms’,Financial Management, 33(4), 103–32. Google Scholar Barclay, M.J. and Smith, C.W. (2005) ‘The Capital Structure Puzzle: The Evidence Revisited’,Journal of Applied Corp...
The Capital Structure Puzzle: Another Look At The Evidence Since the formulation of the M & M irrelevance propositions 40 years ago, financial economists have been debating whether there is such a thing as optimal capital structure—a proportion of debt to equity that maximizes current firm valu....
The Capital Structure Puzzle: The Evidence Revisited.CorporateFinance:capitalinvestmentdecisionsThe article examines the basic groups of corporate financial policy theory. It include taxes, contracting costs and information costs. Addition of debt to a company's capital structure leads to the reduction of...
Myers SC (1984) The capital structure puzzle. Journal of Finance 39(3):575–592 Google Scholar Myers SC (2001) Capital structures. Journal of Economic Perspectives 15(2):81–102 Google Scholar Myers SC, Majluf NS (1984) Corporate financing and investment decisions when firms have information...
Capital structure puzzle How do firms choose their capital structures? Answer according to Myers (1984): “We don’t know.” The answer is not really that bleak. It was just that existing theory did not do a very good job of explaining observed capital structures. An alternative to trade-...