Date of Award
Master of Business Administration
College of Business and Public Administration
Corporate finance researchers have long been puzzled by low corporate debt ratios given debt's corporate tax advantage. What makes the capital structure debate especially intriguing is that the different theories represent such different, and in some ways almost diametrically opposed, decision-making processes.
Lahiani, Mohamed, "The capital structure puzzle: On the existence of an optimal capital structure" (2003). Theses Digitization Project. 2350.