A Theory of Corporate Financial Structure Based on the Seniority of Claims
收藏NBER1990-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3431
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资源简介：
We develop a theory of optimal capital structure based on the idea that debt and equity differ in their priority status relative to future corporate cash pants. A company with high (dispersed) debt will find it hard to raise new capital since new security-holders will have low priority relative to
提供机构：
美国国家经济研究局
创建时间：
1990-09-01
