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An Empirical Study on Market Timing Theory of Capital Structure
2011
International Research Journal of Business Studies
The theory of capital structure has advanced remarkably. This development began as many firms had options to consider various external factors determining the composition of debt and equity. Not only the asymmetric information or the conflict among bondholders and shareholders initiated the Pecking Order Theory and the Static Trade-off Theory respectively but also the overvalued or undervalued of stock price had to be taken as a determinant factor for identifying the ideal debt-equity mix. The
doi:10.21632/irjbs.4.2.103-119
fatcat:zeo6k2464vcr7iq7l7rewtodx4