Despite a clear distinction in law between equity and debt, the results of such a categorization can be misleading. The growth of financial innovation in recent
Capital structure and corporate governance are the important areas that represent salient part of corporate finance research. By studying various aspects of the
Inside the risk management and corporate governance issues behind capital structure decisions Practical ways of determining capital structures have always been
An investigation of the relationships among takeovers, takeover defenses, management turnover, corporate performance, corporate capital structure, and corporate
Morellec, Nikolov, and Schürhoff (2012) predict that a self-interested manager prefers a leverage level that is lower than the shareholders' desired level, and