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debt structure, and the effect of this on corporate profitability. The assumption on which the study was based is that, if … profitability but no significant relationship between firm's working capital composition and profitability. The results, however … profitability is positively affected. The study therefore recommends that, for firms to optimize profitability and to maintain good …
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of investors. We found that the dissatisfaction after a loss is more intense than the satisfaction after a profit, and …
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This paper offers an alternative theory of corporate finance, to replace the invalid MM theorem. It derives the optimal amount of fund, which can be equity or debt. It introduces a new concept called marginal yield. It corrects the meaning of borrowing. It reproduces the MM theorem, to show its...
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rate of profit (i.e., by the difference between the expected rate of profit and the interest rate). In both schools, an … increase in the interest rate will reduce the net rate of profit and hence the rate of growth. However, in the classical … tradition, the expected rate of profit is linked to the actual rate of profit as in Soros's theory of reflexivity, and the …
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