Capital structures of surviving Fortune 500 companies: A retrospective analysis for the past seven decades
Sixty companies on the inaugural “Fortune 500” list still remained on this list in 2020 and they have monotonically increased their leverage (median debt to total assets ratio rose from 0.5% to 20.4%) over the past 70 years. This study applies factors from classic capital structure theories to this...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2024-01-01
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| Series: | Investment Management & Financial Innovations |
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| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/19576/IMFI_2024_01_Xie.pdf |