This note helps readers understand how corporate management thinks about and makes deliberate choices about their capital structure, depending upon market conditions, discount rates, level of employment in the economy and other factors. A refresher on Modigliani and Miller, and assessment of why companies appear to be doing better yet unemployment remains high.
Topics & Details
- Tags - Capital Structure, Discount Rates, Modigliani and Miller, tax advantages, unemployment
- Categories - Bonds, Capital Structure, Discount Rates, Economics, Employment, Equity, Interest Rates, Management, Markets, Notes
- Download the PDF: - "Growth in the Age of Cheap Capital"
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