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Oct 21, 2007 –
2An excellent synthesis of recent literature is in Harris and Raviv. embodied in this economic driver of capital structure is that, at the margin, preferences Harris, M. and A. Raviv. “The Theory of Capital Structure.” J of Finance 46(Mar. 1991):.
Oct 21, 2007 –
with a large number of studies, such as Harris and Raviv (1991), Rajan profitability as the main driver for optimal capital structure, by arguing that the higher.
MILTON HARRIS · Search for more papers by this author · ARTUR RAVIV. Harris is Chicago Board of more papers by this author. First published: March 1991.
These are the: (1) the agency costs of equity; and (2) the agency costs of debt. (Jensen and Meckling, 1976; Harris and Raviv, 1991; and Milgrom and Roberts,Request PDF | Dynamics in the Determinants of Capital Structure in the UK | In Aggrawal (1981), Naidu (1986), Harris and Raviv (1991), Rajan and Zingales
JWBT436-c12 JWBT436-Baker February 11, 2011 9:21 Printer Name: Hamilton ECONOMIC, Harris, Milton, and Arthur Raviv. 1991. “The Theory of Capital Structure. Available at ksghome.harvard.edu/ ?whogan/transvis.pdf. Israel
Milgrom and Roberts (1992), where a driver (decision-maker) must delegate and Meckling, 1976; Harris and Raviv, 1991; and Milgrom and Roberts, 1992).
By Milton Harris and Artur Raviv; Abstract: This paper surveys capital Raviv. Journal of Finance, 1991, vol. O%3B2-L&origin=repec full text (application/pdf)

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