BONDS & SHARESJanuary 3, 2018
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36min880
Overview The theory of capital structure and its relationship with a firm’s value and performance has been a puzzling issue in corporate finance and accounting literature since the seminal work of Modigliani and Miller (1958) (MM-1958). MM-1958 argue that under very restrictive assumptions of perfect capital markets, investors’ homogenous expectations, tax-free economy, and no transactions […]


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