Title: Capital Structure Decisions in Small and Large Firms: A Life-cycle Theory of Financing
Abstract: This paper focuses on the dynamic capital structure of firms: Why firms choose very different capital structure in different stages of their life-cycles? In a model of optimal financial contracting, we investigate whether subsequent financing decisions
Publication Year: 1999
Publication Date: 1999-10-31
Language: en
Type: preprint
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Cited By Count: 15
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