Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Influence of capital structure on the effectiveness of investment project from the perspective of equity holders
Available online: 23 March 2011 Subject Heading: INVESTMENTS JEL Classification:
In the work the effectiveness of investment project is examined from the point of view of the owners of its own capital. It is shown that the parameter of effectiveness NPV practically always diminishes leverage in the case of the constancy of the value of its own capital S. For each of two cases (with S = const) is found the maximum value of leverage, with which the project remains effective. Are formulated the conditions for growth NPV leverage. Keywords: investment, borrowed, financing, Modigliani–Miller theory, project, the arbitrary duration |
ISSN 2311-8768 (Online)
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