The Modigliani-Miller theorem states that a company’s capital structure doesn’t affect its value in perfect markets. While ...

The compiled data permits the construction of financial structure indicators to measure whether, for example, a country's banks are larger, more active, and more efficient than its stock markets.

management tends to structure the capital makeup of the company in a manner that will provide flexibility in raising future capital in an ever-changing market environment. Financial leverage ...

financial markets around the world have become increasingly interconnected. Financial globalization has brought considerable benefits to national economies and to investors and savers, but it has also ...