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On testing the Tradeoff Theory of capital structure with real options

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dc.contributor.advisor Stewart C. Myers. en_US
dc.contributor.author Shore, William T., S.M. (William Thomas). Massachusetts Institute of Technology en_US
dc.contributor.other Massachusetts Institute of Technology. Dept. of Economics. en_US
dc.date.accessioned 2012-09-13T18:55:52Z
dc.date.available 2012-09-13T18:55:52Z
dc.date.issued 2012 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/72844
dc.description Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Economics, June 2012. en_US
dc.description "June 2012." Cataloged from PDF version of thesis. en_US
dc.description Includes bibliographical references (p. 120-122). en_US
dc.description.abstract 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). en_US
dc.description.statementofresponsibility by William T. Shore. en_US
dc.format.extent 122 p. en_US
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights 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. en_US
dc.rights.uri http://dspace.mit.edu/handle/1721.1/7582 en_US
dc.subject Economics. en_US
dc.title On testing the Tradeoff Theory of capital structure with real options en_US
dc.type Thesis en_US
dc.description.degree S.M. en_US
dc.contributor.department Massachusetts Institute of Technology. Dept. of Economics. en_US
dc.identifier.oclc 807147200 en_US


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