Abstract

Journal of Applied Corporate FinanceVolume 6, Issue 1 p. 4-14 STILL SEARCHING FOR OPTIMAL CAPITAL STRUCTURE Stewart C. Myers, Stewart C. Myers STEWART MYERS is the Gordon Y Billard Professor of Finance, as well as Director of the International Financial Services Research Center, at MIT's Sloan School of Management. An earlier version of this paper was prepared for the Federal Reserve Bank of Boston's conference on “Are Distinctions between Debt and Equity Disappearing?” in October 1989 and published in the conference proceedings: R.W. Kopke and E.S. Rosengren, Are the Distinctions between Debt and Equity Disappearing? (Federal Reserve Bank of Boston, 1990). This version contains expanded explanations of several points. Also a few anachronisms have been eliminated.Search for more papers by this author Stewart C. Myers, Stewart C. Myers STEWART MYERS is the Gordon Y Billard Professor of Finance, as well as Director of the International Financial Services Research Center, at MIT's Sloan School of Management. An earlier version of this paper was prepared for the Federal Reserve Bank of Boston's conference on “Are Distinctions between Debt and Equity Disappearing?” in October 1989 and published in the conference proceedings: R.W. Kopke and E.S. Rosengren, Are the Distinctions between Debt and Equity Disappearing? (Federal Reserve Bank of Boston, 1990). This version contains expanded explanations of several points. Also a few anachronisms have been eliminated.Search for more papers by this author First published: Spring 1993 https://doi.org/10.1111/j.1745-6622.1993.tb00369.xCitations: 153 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume6, Issue1Spring 1993Pages 4-14 RelatedInformation

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