TY - JOUR
AU1 - HARRIS, MILTON
AU2 - RAVIV, ARTUR
AB - ABSTRACT This paper surveys capital structure theories based on agency costs, asymmetric information, product/input market interactions, and corporate control considerations (but excluding tax‐based theories). For each type of model, a brief overview of the papers surveyed and their relation to each other is provided. The central papers are described in some detail, and their results are summarized and followed by a discussion of related extensions. Each section concludes with a summary of the main implications of the models surveyed in the section. Finally, these results are collected and compared to the available evidence. Suggestions for future research are provided.
TI - The Theory of Capital Structure
JF - The Journal of Finance
DO - 10.1111/j.1540-6261.1991.tb03753.x
DA - 1991-03-01
UR - https://www.deepdyve.com/lp/wiley/the-theory-of-capital-structure-WPGSY7dVu0
SP - 297
VL - 46
IS - 1
DP - DeepDyve
ER -