Mielcarz, Paweł; Osiichuk, Dmytro; Owczarkowski, Ryszard - In: Review of Accounting and Finance 17 (2018) 2, pp. 280-294
Purpose: This paper aims to present an iterative algorithm that yields the amount of debt contracting/repayment or equity investment necessary to achieve the target capital structure. The model also helps to estimate the gains in shareholder value that result from financial restructuring...