A study of capital structure in several developed countries found that debt ratios were positively related to

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A study of capital structure in several developed countries found that debt ratios were positively related to firm size and the proportion of tangible versus intangible assets and negatively related to market-book ratios and profitability. What do these relationships imply for the accuracy of the tradeoff theory? Explain.

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Corporate Financial Management

ISBN: 1292140445

6th Edition

Authors: Glen Arnold, Deborah Lewis

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