The Modigliani-Miller theorem states that a company’s capital structure doesn’t affect its value in perfect markets. While ...

Any debt capital is offset by a debt liability on the balance sheet. The capital structure of a company determines what mix of these types of capital it uses to fund its business. Economists look ...

Kester, W. C. "Capital and Ownership Structure: A Comparison of United States and Japanese Manufacturing Corporations." Financial Management 15, no. 1 (Spring 1986): 5–16.