Testing Static Trade-Off Pecking Order Models of Capital Structure (Classic Reprint) - Couverture souple

Name: Testing Static Trade-Off Pecking Order Models of Capital Structure (Classic Reprint)
Author: Shyam-Sunder, Lakshmi
ISBN: 9781333264765

Shyam-Sunder, Lakshmi

9781333264765: Testing Static Trade-Off Pecking Order Models of Capital Structure (Classic Reprint)

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ISBN 10 : 1333264763 ISBN 13 : 9781333264765

Editeur : Forgotten Books, 2019

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�diteur: Forgotten Books
Date d'�dition: 2019
Langue: anglais
ISBN 10: 1333264763
ISBN 13: 9781333264765
Reliure: Broch�
Nombre de pages: 42
Coordonn�es du fabricant: Copytech (UK) Ltd, Trading as Printondemand-worldwide.com
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Testing Static Trade-Off Pecking Order Models of Capital Structure

Lakshmi Shyam-Sunder, Stewart C. Myers

Edit� par Forgotten Books, 2024

ISBN 10 : 1333264763 ISBN 13 : 9781333264765

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. In this book, the author devises a rigorous method for testing two competing theories of capital structure, the static trade-off theory and the pecking order model. These tests provide conclusive evidence in favor of the pecking order model, demonstrating that debt ratios are primarily driven by the internal financial deficit of a firm as opposed to an optimal debt ratio. The author challenges conventional wisdom by exposing the weaknesses of standard target adjustment models and highlights the superiority of the pecking order model in explaining the dynamics of capital structure. This book offers significant theoretical and empirical contributions to the field of corporate finance, providing valuable insights for academics, practitioners, and students seeking a deeper understanding of debt policy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781333264765_0

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