✦ LIBER ✦
The Modigliani–Miller proposition after fifty years and its relation to entrepreneurial finance
✍ Scribed by Ciarán mac an Bhaird
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 162 KB
- Volume
- 19
- Category
- Article
- ISSN
- 1086-1718
- DOI
- 10.1002/jsc.855
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
Empirical evidence suggests that cost‐based considerations, firm‐specific characteristics, and owner‐specific factors — such as desire for control and managerial independence — are important determinants of capital structures of entrepreneurial firms.