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The Capital Structure of Firms in the Finnish Forest Industry : A qualitative study of determinants for capital structure
(2022)
The determinants for capital structure in a firm has been of debate since Modigliani and Miller (1958) published their first paper stating that the capital structure does not affect the corporate value of a firm. Since ...
The effect of business failure risk on the relationship between capital structure and profitability : An empirical analysis of Finnish listed firms
(2021)
This thesis examines the effect of business failure risk on the relationship between capital structure and profitability. It exploits the principal-agent theory and assumes the firm’s risk of business failure to lead to ...