Home  Journals  Finance and Credit  9(441) - 2011 March

Development of capital structure theory after Modigliani and Miller

Available online: 25 February 2011

Subject Heading: Economy questions

JEL Classification: 

In this paper we examined the main trends in capital structure theory designated after publication of Modigliani and Miller papers: static tradeoff theory (compromise theory) and pecking order theory. We reviewed application of agency theory in reference to capital structure theory. We generalized recent researches on estimation of costs of financial distress.

Keywords: capital structure, static tradeoff theory, capital structure theory, agency costs, costs of financial distress

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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