MODERN PARADIGM IN CAPITAL STRUCTURE STUDIES

Abstract

This article presents a review of capital structure studies paradigm, founded by the Miller- Modigliani theorem. The research includes a brief view on origins of capital structure issue, importance of the Miller- Modigliani theorem for modern research, and current agenda of modern studies. The article also suggests post-soviet scholars to adopt and use modern theories and methodology.

Keywords

• capital structure
• firm capital
• financing sources
• modern finance theory
• corporate finance studies