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Despite numerous works about the structure of capital, we still ignore on which bases enterprises make their financing choices (Myers, 1993). The case of France is in this matter of particular interest, because according to various works, French enterprises are alleged to have reduced their...
Persistent link: https://www.econbiz.de/10005100689
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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
Persistent link: https://www.econbiz.de/10001683659