search query: @freeterm market value / total: 6
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| Author: | Baker, M. Wurgler, J. |
| Title: | Market timing and capital structure |
| Journal: | Journal of Finance
2002 : FEB, VOL. 57:1, p. 1-32 |
| Index terms: | CAPITAL STRUCTURE OF COMPANIES TIME |
| Freeterms: | MARKET VALUE |
| Language: | eng |
| Abstract: | It is well known what firms are more likely to issue equity when their market values are high, relative to book and past market values, and to repurchase equity when their market values are low. The authors document that the resulting effects on capital structure are very persistent. |
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