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(Download) "On Corporate Debt Policy." by Academy of Accounting and Financial Studies Journal * Book PDF Kindle ePub Free

On Corporate Debt Policy.

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eBook details

  • Title: On Corporate Debt Policy.
  • Author : Academy of Accounting and Financial Studies Journal
  • Release Date : January 01, 2005
  • Genre: Business & Personal Finance,Books,
  • Pages : * pages
  • Size : 246 KB

Description

ABSTRACT This essay analyzes the theoretical evidence for the capital structure theory. It discusses the practical implications of a prescriptive theory for corporate debt policy. It compares and contrasts capital structure models that are based on asset structure (complete and incomplete markets) with those models, which employ frictions (such as asymmetric information). A summary table describes the theoretical foundations of this literature.


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