Abstract

This article helps to understand that there is no theory of optimal capital structure of the company in a perfect market where there are no transaction costs, costs of bankruptcy and tax and where information is perfect. It recalls that the consideration by some authors of market imperfection factors implies that there is an optimal capital structure of the company corresponding to its maximum value. It reviews the financial conditions of the capital increase by companies. It shows that the demand of optimal debt to a debtor is based on his expectation of credit and the conditions for granting the credit, requested in terms of interest rate and repayment periods, offered by the creditor. It proposes a model for determining the optimal rent for a rental investment operation by a company.

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