2. Some companies carry essentially no long-term debt and only a minimal amount of short-term debt in

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2. Some companies carry essentially no long-term debt and only a minimal amount of short-term debt in their capital structure. Often these firms are in the technology and biotechnology sectors. Provide an explanation for why well-managed and profitable companies in these sectors appear to undervalue the benefits associated with an optimal capital structure.

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Valuation Measuring And Managing The Value Of Companies University Edition

ISBN: 978-1118873731

6th Edition

Authors: Mckinsey & Company Inc. ,Tim Koller ,Marc Goedhart ,David Wessels

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