[新手尝试] The Capital Structure Puzzle [推广有奖]

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2464_1576338390 发表于 2020-4-8 22:33:09 |AI写论文

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The Capital Structure Puzzle
STEWART C. MYERS*

THIS PAPER'ST ITLEI S INTENDEDto remind you of Fischer Black's well-known
note on "The Dividend Puzzle," which he closed by saying, "What should the
corporation do about dividend policy? We don't know." [6, p. 8] I will start by
asking, "How do firms choose their capital structures?" Again, the answer is,
"We don't know."

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