Capital structure refers to the mix of funding sources a company uses to finance its assets and its operations. The sources typically can be bucketed into equity and debt. Using internally generated ...

Capital structure theories seek to explain why businesses choose different mixes of debt and equity to finance their operations. Banking firms represent a special case because of certain unique ...

Using both debt and equity increases the aggregate value of tax options on the firm. Therefore, firm value may depend on capital structure, even in a Miller equilibrium. A simple two-state pricing ...

Small Business Economics, Vol. 41, No. 2 (August 2013), pp. 479-501 (23 pages) Firm data from ten Western European countries is used in this paper to contrast the sources of leverage across small and ...