Thursday, September 03, 2009

SSRN-Capital Structure Decisions Around the World: Which Factors are Reliably Important? by Özde Öztekin

SSRN-Capital Structure Decisions Around the World: Which Factors are Reliably Important? by Özde Öztekin:
"The most reliable determinants are past leverage, tangibility, firm size, research and development, depreciation expenses, industry median leverage, and liquidity. The signs of the reliable determinants give consistent support to the dynamic trade off theory."


This one will definitely be required reading for my Advanced Corporate class when we get to the Capital Structure part of the course!

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