第七章 资本结构和MM定理.ppt

第七章 资本结构和MM定理;MM定理及扩展;The Capital-Structure Questionand The Pie Theory;;;无税的MM定理;The MM Propositions I II (No Taxes);;;;;有公司税的MM定理The MM Propositions I II (with Corporate Taxes);;;;;;;权衡理论trade-off TheoryIntegration of Tax Effects and Financial Distress Costs;;The Pie Model Revisited;其他相关理论;Signaling;Shirking, Perquisites, and Bad Investments: The Agency Cost of Equity;The Pecking-Order Theory;Growth and the Debt-Equity Ratio;加入个人税的MM定理米勒定理，The Miller Model ;Personal Taxes: The Miller Model;;Personal Taxes: The Miller Model (cont.);;;MM定理的延伸;资本结构的实证问题;Costs of Financial Distress;Evidence on Direct Bankruptcy Costs;最优资本结构实证;资本结构的实践