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Simplification of equity capital structure and market value

✍ Scribed by Roger M. Kunz


Book ID
107341444
Publisher
Springer US
Year
2002
Tongue
English
Weight
160 KB
Volume
16
Category
Article
ISSN
1555-4961

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In line with theory suggested by Miller and Modigliani (1961), this paper finds generally positive and statistically significant effects of growth on the current market value of the firm over the 1974-90 period. This intuitive result is not surprising, but the lack of a simple link between the valua