Buus, Tomáš - In: Český finanční a účetní časopis 2014 (2014) 3, pp. 46-58
Since the Miller and Modigliani (1958, 1963) theory of capital structure the literature struggles to include cost of financial distress in the cash flow theories of capital structure. Besides that most of the recent models are static. Let us just remind the contributions by Cooper, and Nyborg...