An empirical analysis of capital structure decisions in Dutch firms

This Ph.D. thesis investigates capital structure decisions in Dutch firms. Firms are faced with the choice from a variety of sources of financing for the funding of their activities. These choices determine the firms' capital structures. Building on the well known theorems of Modigliani and Miller, theoretical contributions provided many potential explanations for the choice between debt and equity. Early studies involve taxation and bankruptcy costs. Recently, theoretical contributions are based on agency oblems, which are caused by asymmetric information and divergent interests. This thesis... Mehr ...