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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
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Capital structure and corporate governance are the important areas that represent salient part of corporate finance research. By studying various aspects of the
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Inside the risk management and corporate governance issues behind capital structure decisions Practical ways of determining capital structures have always been
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An investigation of the relationships among takeovers, takeover defenses, management turnover, corporate performance, corporate capital structure, and corporate
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Morellec, Nikolov, and Schürhoff (2012) predict that a self-interested manager prefers a leverage level that is lower than the shareholders' desired level, and