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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—Karl Marx (1818–1883)
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—James Madison (1751–1836)
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—Griffin Jay, and Harold Young. Mehemet Bey (Turhan Bey)