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Capital Structure Equilibrium under Incomplete Market Conditions

Senbet, Lemma W. - 1981

Most discussions of corporate capital structure have been set in the context of a complete capital market. In this paper we study the determinants of capital structure for the incomplete markets case, where incompleteness manifests itself in the form of divergent borrowing and lending rates. We...

Persistent link: https://www.econbiz.de/10012478368