1. Small Firm Use Of Leverage
... small firms that for large ones. Traditional capital structure theory as developed by Modigliani & Miller (1958) holds that firms will select the mix of debt and equity that maximizes the value of the firm and minimizes its weighted average cost of capital. This theory may not hold for small privately-held firms because it is based on ... ), 20-34. Dwyer, Hubert J. & Lynn, Richard (1989). Small Capitalization Companies: What Does Financial Analysis Tell Us About Them? The Financial Review, 24(3), 397-415. Ennew, Christine T. & Binks, Martin R. (1994). The Provision of Finance to Small Bus...
- Word Count: 10494
- Approx Pages: 42
- Grade Level: High School