Capital Structure: The Emprical Investigation of Market Timing Theory

This paper investigated the effect of Market Timing Theory on capital structure. We examined capital structure to past market valuations. The firms with low leverage tend to financed when their valuations were high, as measured by the market-to-book ratio (MTB). The firms with high leverage tend to...

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Autores principales: Gholamreza Kordestani, Tannaz Pirdavari
Formato: article
Lenguaje:FA
Publicado: Shahid Bahonar University of Kerman 2012
Materias:
mtb
Acceso en línea:https://doaj.org/article/089f0240f8a8421aac4f76b6c3757ce4
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