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Purpose – This paper aims to test the irrelevance proposition whereby changes in capital structure do not affect firm value. Design/methodology/approach – The long-run effect of changes in capital structure on firm value is examined, using a sample of 243 French firms over the period...
Persistent link: https://www.econbiz.de/10005002501
Purpose – This paper aims to test the irrelevance proposition whereby changes in capital structure do not affect firm value. Design/methodology/approach – The long‐run effect of changes in capital structure on firm value is examined, using a sample of 243 French firms over the period...
Persistent link: https://www.econbiz.de/10014785235