Theories linking Capital Structure with Financial Performance

The choice of capital structure is one of the most important and fundamental aspects of corporate finance studies. It is a controversial topic among finance scholars. In the mid-1950s when Modigliani and Miller devised their concept of “Modigliani-Miller (MM various empirical studies are reviewed to clarify the capital structure theories. Aus. Aca. Acc & Fin. Rev Vol 4(4), Oct 2018, P 142-152