Does Optimizing of the Capital Structure of the Concrete Firm Matter in the Practice of Corporate Finance?

The aim of this contribution is to consider the possibility of the optimizing of the capital structure of the concrete firm and to answer the question if it is possible to prepare the recommended process for this optimizing and if this optimizing does matter. The most important problem in a theoretical way is to identify the theory which best fits. The firm has to decide firstly if to start the process of active optimizing or if it is satisfied with the following of branch standards or it is satisfied with complying with the pecking order theory. In case of active optimizing process firm could use theories stipulating the concrete empirical value, the traditional theory and the theory of spouses Neumaiers'. In case of using the traditional theory it is necessary to analyze the application problems which cover the identifying of the cost of equity and debt in dependency on the indebtedness. The optimal capital structure is very complicated to identify because of the different approaches to the solution of the application problems of single theories. The important role plays also the subjective approach of managers to the process of optimizing. But the proposition how to cope with this situation is possible to prepare and some recommendation steps concerning the process of the optimizing of the capital structure of the concrete firm to offer