Topics in Finance, Part V - Capital Structure

Abstract:     
Continuing this series on the theory of financial management, the current article investigates capital structure, offering insight into the roles of stockholder wealth maximization, the risk-return trade-off, and agency conflicts. Much literature addresses this topic, and some of the most recent literature challenges certain theoretical cornerstones touted in the textbooks, as revealed in this work.

Number of Pages in PDF File: 11

Keywords: capital, stock, stockholder, risk, return, agency

JEL Classification: L2, K2

working papers series