๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Debt Capacity and Tests of Capital Structure Theories

โœ Scribed by Lemmon, Michael L.; Zender, Jaime F.

Book ID
111905009
Publisher
School of Business Administration, University of Washington
Year
2010
Tongue
English
Weight
154 KB
Volume
45
Category
Article
ISSN
0022-1090

No coin nor oath required. For personal study only.

๐Ÿ“œ SIMILAR VOLUMES

Debt Capacity and Tests of Capital Struc
Debt Capacity and Tests of Capital Structure Theories
โœ Lemmon, Michael L.; Zender, Jaime F. ๐Ÿ“‚ Article ๐Ÿ“… 2010 ๐Ÿ› School of Business Administration, University of W ๐ŸŒ English โš– 154 KB

## Abstract We examine the impact of explicitly incorporating a measure of debt capacity in recent tests of competing theories of capital structure. Our main results are that if external funds are required, in the absence of debt capacity concerns, debt appears to be preferred to equity. Concerns o