26. Evidence (S17-5) A study of capital structure in several developed countries found that debt ratios were
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26. Evidence (S17-5) A study of capital structure in several developed countries found that debt ratios were positively related to firm size and the proportion of tangible versus intangible assets and negatively related to market-book ratios and profitability. What do these relationships imply for the accuracy of the tradeoff theory? Explain.
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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