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.
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Famous quotes containing the words capital, structure, real and/or world:
“I still need more healthy rest in order to work at my best. My health is the main capital I have and I want to administer it intelligently.”
—Ernest Hemingway (1899–1961)
“The question is still asked of women: “How do you propose to answer the need for child care?” That is an obvious attempt to structure conflict in the old terms. The questions are rather: “If we as a human community want children, how does the total society propose to provide for them?””
—Jean Baker Miller (20th century)
“The real genres: good and bad.”
—Franz Grillparzer (1791–1872)
“How do you know what the world is like? Do you know the world is a foul sty? Do you know if you rip the fronts off houses you’d find swine? The world is a hell. What does it matter what happens in it?”
—Thornton Wilder (1897–1975)