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Author:Harris, M.
Raviv, A.
Title:The theory of capital structure
Journal:Journal of Finance
1991 : MAR, VOL. 46:1, p. 297-355
Index terms:CAPITAL THEORY
CAPITAL STRUCTURE OF COMPANIES
Language:eng
Abstract:It surveys capital structure theories based on agency costs, asymmetric information, product/input market interactions, and corporate control considerations. For each type of model, a brief overview of the papers surveyed and their relation to each other is provided. The central papers are described in detail, and their results are summarized and followed by a discussion of related extensions. The results of the models are collected and compared to the available evidence. Suggestions for future research are provided.
SCIMA record nr: 90280
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