The Modigliani–Miller proposition after
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Ciarán mac an Bhaird
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Article
📅
2010
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John Wiley and Sons
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English
⚖ 162 KB
## 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.