On testing the Tradeoff Theory of capital structure with real options
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Economics, June 2012.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2012
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| Online Access: | http://hdl.handle.net/1721.1/72844 |
| _version_ | 1811082421990326272 |
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| author | Shore, William T., S.M. (William Thomas). Massachusetts Institute of Technology |
| author2 | Stewart C. Myers. |
| author_facet | Stewart C. Myers. Shore, William T., S.M. (William Thomas). Massachusetts Institute of Technology |
| author_sort | Shore, William T., S.M. (William Thomas). Massachusetts Institute of Technology |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Economics, June 2012. |
| first_indexed | 2024-09-23T12:03:09Z |
| format | Thesis |
| id | mit-1721.1/72844 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T12:03:09Z |
| publishDate | 2012 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/728442019-04-12T20:20:24Z On testing the Tradeoff Theory of capital structure with real options Shore, William T., S.M. (William Thomas). Massachusetts Institute of Technology Stewart C. Myers. Massachusetts Institute of Technology. Dept. of Economics. Massachusetts Institute of Technology. Dept. of Economics. Economics. Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Economics, June 2012. "June 2012." Cataloged from PDF version of thesis. Includes bibliographical references (p. 120-122). We explain often anomalous results of capital structure tests by infusing tradeoff theory with real options. Of course one can explain almost everything using a soft qualitative theory. This paper's addition is to use a quantitative approach to generate tradeoff theory predictions for firms with valuable real options. We are able to explain many of the results of Rajan and Zingales (1995), Welch (2004), and Flannery and Rangan (2006). by William T. Shore. S.M. 2012-09-13T18:55:52Z 2012-09-13T18:55:52Z 2012 Thesis http://hdl.handle.net/1721.1/72844 807147200 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 122 p. application/pdf Massachusetts Institute of Technology |
| spellingShingle | Economics. Shore, William T., S.M. (William Thomas). Massachusetts Institute of Technology On testing the Tradeoff Theory of capital structure with real options |
| title | On testing the Tradeoff Theory of capital structure with real options |
| title_full | On testing the Tradeoff Theory of capital structure with real options |
| title_fullStr | On testing the Tradeoff Theory of capital structure with real options |
| title_full_unstemmed | On testing the Tradeoff Theory of capital structure with real options |
| title_short | On testing the Tradeoff Theory of capital structure with real options |
| title_sort | on testing the tradeoff theory of capital structure with real options |
| topic | Economics. |
| url | http://hdl.handle.net/1721.1/72844 |
| work_keys_str_mv | AT shorewilliamtsmwilliamthomasmassachusettsinstituteoftechnology ontestingthetradeofftheoryofcapitalstructurewithrealoptions |