原创力文档- 1、本文档共40页，可阅读全部内容。
- 2、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
- 3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
查看更多
Financing of Corporations推荐
Chapter 4
FINANCING OF CORPORATIONS
STEWART C. MYERS °
Sloan School of Management, MIT
Contents
Abstract 216
Keywords 216
1. Introduction 217
1.1. Theories of optimal financing 217
2. The Modigliani–Miller value-irrelevance propositions 218
3. The trade-off theory 221
3.1. Taxes 222
3.2. Direct costs of financial distress 226
3.3. Indirect costs of financial distress – conflicts between creditors and stockholders 226
3.4. Other indirect costs of financial distress 228
3.5. Evidence on costs of financial distress 229
3.6. Leverage and product markets 229
3.7. Evidence for the trade-off theory 230
3.8. Target-adjustment models 231
3.9. Computational models 232
4. The pecking-order theory 233
4.1. Debt vs. equity in the pecking order 234
4.2. What’s wrong with the pecking order
您可能关注的文档
- Estimation of Value-at-Risk under jump dynamics and asymmetric information推荐.pdf
- European economic and monetary union sovereign debt markets推荐.pdf
- Evolution of indirect reciprocity by social information the role o trust and reputation in evolution of altruism推荐.pdf
- ethical and professional standards推荐.pdf
- Evidence of Adverse Selection in the Individual Health Insurance Market推荐.pdf
- Examining the Complementary Effect of Political Networking Capability With Absorptive Capacity on the Innovative Performance of Emerging-Market Firms推荐.pdf
- Expected Utility Function推荐.pdf
- Experimental Economics Best Shot public goods games推荐.pdf
- Experimental Economics Auctions推荐.pdf
- Experimental Economics Double auction markets推荐.pdf
文档评论（0）