The choice of debt maturity
Créé le
24.09.2009-
Mis à jour le
29.09.2017Since Modigliani and Miller (1958, 1963), a great number of researchers have sought to establish the existence of an optimal capital structure. Even so, if there is an advantage by using debt, the impact on the firm's value remains marginal. Hence, the presence of debt has a positive influence on financial profitability, only if operating profit is higher than loan interest.