Capital Structure
Title: Capital Structure
Category: Business & Economy
Details: Words: 19734 | Pages: 84.0 (approximately 235 words/page)
Capital Structure
CAPITAL STRUCTURE
ABSTRACT
Over the years, numerous theories and studies on Capital structure have appeared. Modigliani and Miller laid down the foundation by being the first to theorize the issue. In 1958 they put forward their "M&M capital structure irrelevance proposition." However, with this first attempt, they failed to include important factors that could explain why daily observations of reality proved the opposite.
In their response that followed in 1963, Modigliani and Miller relaxed …showed first 75 words of 19734 total…
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…showed last 75 words of 19734 total…International Conference Proceedings, Port Elizabeth, June, 649-671
DIAGRAMS
FIGURE 1:
The cost of equity and the WACC : M&M Propositions I and II with no taxes
FIGURE 2:
The cost of equity and the WACC : M&M Proposition II with taxes
FIGURE 3:
The Static theory of capital structure: The optimal capital structure and the value of the firm.
FIGURE 4:
The Static theory of capital structure : The optimal capital structure and the cost of capital.
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