The problem. Historically, researchers could only agree that the optimal capital structure was the one that maximized the firm's wealth. Assuming that a common set of factors exists that can be combined to describe both the maximization of the firm's value (i.e., shareholder wea…
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The markedly different financial structures of firms in the developing and industrialized countries provide the motivation for this dissertation. What explains the financial structure choice of firms in developing countries? Many theories in Finance have been developed to explai…
This paper provides empirical evidence as to the positive dispersions in price and volume regarding the economic event of investments in the Internet, using stock data for firms listed on the emerging market stock exchanges in Brazil, India, Indonesia, Russia, and South Africa. …