Eldomiaty, Tarek Ibrahim; Choi, Chong Ju; Cheng, Philip - In: International Journal of Revenue Management 1 (2007) 2, pp. 154-176
This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signalling is that when a firm changes its capital structure, its market value might...