Firms' Histories and Their Capital Structures
收藏NBER2004-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10526
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This paper examines how cash flows, investment expenditures and stock price histories affect corporate debt ratios. Consistent with earlier work, we find that these variables have a substantial influence on changes in capital structure. Specifically, stock price changes and financial deficits (i.e.,
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美国国家经济研究局创建时间：
2004-05-01
