xplain the evolution of the capital structure theory: 1. from M&M and perfect capital Market...

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Accounting

xplain the evolution of the capital structure theory:

1. from M&M and perfect capital Market

2. to the optimal structure with taxes

3. then to financial distress costs and the trade-off theory

4. moving through Agency cost (conflict between managers/stockholders; Equity-Debt Holder Conflicts)

5. to Debt and Information (Signaling) 6. The pecking Order Theory and Capital Structure

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