Capital Structure in The Real World
If capital structure is irrelevant in a perfect market, then imperfections which exist in the real world must be the cause of its relevance. The theories below try to address some of these imperfections, by relaxing assumptions made in the M&M model.
Read more about this topic: Capital Structure
Famous quotes containing the words real world, capital, structure, real and/or world:
“It’s funny how the colors of the real world only seem really real when you viddie them on a screen.”
—Stanley Kubrick (b. 1928)
“There exists, between people in love, a kind of capital held by each. This is not just a stock of affects or pleasure, but also the possibility of playing double or quits with the share you hold in the other’s heart.”
—Jean Baudrillard (b. 1929)
“Science is intimately integrated with the whole social structure and cultural tradition. They mutually support one other—only in certain types of society can science flourish, and conversely without a continuous and healthy development and application of science such a society cannot function properly.”
—Talcott Parsons (1902–1979)
“If love ... means that one person absorbs the other, then no real relationship exists any more. Love evaporates; there is nothing left to love. The integrity of self is gone.”
—Ann Oakley (b. 1944)
“The bourgeois stands like a question mark,
Speechless, like the hungry cur,
The ancient world stands there behind him,
A mongrel dog, afraid to stir.”
—Alexander Blok (1880–1921)