Christian Kuhn explores the impact of institutional buyouts (IBOs) characteristics on the transaction's capital structure and examines the robustness of established theories in a context which deviates substantially from most empirical studies. With regard to capital structure theories the identified relationships suggest a renaissance of the static trade-off theory while the relevance of the agency theory could only be confirmed in part. However, it appears that agency cost of debt assume a more influential role than do agency cost of equity.
- ISBN10 3835002295
- ISBN13 9783835002296
- Publish Date 24 February 2006
- Publish Status Active
- Publish Country DE
- Imprint Deutscher Universitats-Verlag
- Edition 2006
- Format Paperback
- Pages 260
- Language English