Columbus' Egg: The Real Determinant of Capital Structure
收藏数据链接：
官方服务：
资源简介：
This paper shows that managers fail to readjust their capital structure in response to external stock returns. Thus, the typical firm's capital structure is not caused by attempts to time the market, by attempts to minimize taxes or bankruptcy costs, or by any other attempts at firm-value
提供机构：
美国国家经济研究局创建时间：
2002-02-01
