a theory of optimal capital structure文档.pdfVIP

The RAND Corporation A Theory of Optimal Capital Structure Author(s): James H. Scott, Jr. Source: The Bell Journal of Economics, Vol. 7, No. 1 (Spring, 1976), pp. 33-54 Published by: The RAND Corporation Stable URL: /stable/3003189 . Accessed: 23/02/2011 04:01 Your use of the JSTOR archive indicates your acceptance of JSTORs Terms and Conditions of Use, available at . /page/info/about/policies/terms.jsp. JSTORs Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at . /action/showPublisher?publisherCode=rand. . Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. The RAND Corporation is collaborating with JSTOR to digitize, preserve and extend access to The Bell Journal of Economics. A of theory optimal structure capital H. James Scott, Jr. Assistant Professor Graduate School of Business Columbia University This paper presents a multiperiod valuation derived model of firm that is that under the assumptions