The Modigliani-Miller Proposition After Fifty Years and Its Relation to Entrepreneurial Finance

被引：19
|
作者：
Bhaird, Ciaran Mac An [1 ,2 ]
机构：
[1] Dublin City Univ, Fiontar, Business & Management, Dublin, Ireland
[2] Dublin City Univ, Fiontar, Undergrad Degree Programs, Dublin, Ireland
来源：
STRATEGIC CHANGE-BRIEFINGS IN ENTREPRENEURIAL FINANCE | 2010年 / 19卷 / 1-2期
关键词：
capital structure; entrepreneurial finance; agency theory; information asymmetry; financial life cycle; profitability; collateral; firm characteristics; owner preferences;
D O I：
10.1002/jsc.855
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Empirical evidence suggests that cost-based considerations, firm-specific characteristics, and owner-specific factors - such as desire for control and managerial independence - are important determinants of capital structures of entrepreneurial firms.
引用
收藏
页码：9 / 28
页数：20
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