TEORIILE DETERMINANTE ALE STRUCTURII CAPITALULUI

Evelina SCRIPLIUC Catedra Finanţe şi Bănci

Rezumat

This paper is a review of the central theoretical literature. The most important arguments for what could determine capital structure is the pecking order theory and the static trade off theory. These two theories are reviewed, but neither of them provides a complete description of the situation and why some firms prefer equity and others debt under different circumstances. The capital structure and corporate finance literature is filled with different models, but few, if any give a complete picture.