Capital structure has become one of the most interesting issues in the corporate finance literature, and it has also been one of the main topics amongst the studies of finance scholars. The importance of capital structure derives from the fact that it is strongly related to the ability of firms to fulfill the needs of various stakeholders. The last era has witnessed a continuous developing of new theories on the issue of capital structure and firm performance. Additional capital structure theories, such as the static trade-off theory and the pecking order theory have emerged over the years i) Identify and discuss the critical firm-specific determinants of corporate capital structure (5 Marks) ii) Critique