Dynamic Capital Structure Choice: Theory and Empirical Evidence

被引:0
|
作者
Kokoreva, Maria [1 ,2 ]
机构
[1] Higher Sch Econ, Dept Econ & Finance Firm, Moscow, Russia
[2] Higher Sch Econ, Lab Corp Finance, Moscow, Russia
来源
EKONOMICHESKAYA POLITIKA | 2012年 / 04期
关键词
capital structure; trade-off theory; pecking order theory; market timing theory;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
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页码:110 / +
页数:17
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