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The choice of debt maturity [extrait BMI 101]
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Since Modigliani and Miller (1958, 1963), a great number of researchers have sought to establish the existence of an optimal capital structure. Even so, if there is an advantage by using debt, the impact on the firm's value remains marginal. Hence, the presence of debt has a positive influence on financial profitability, only if operating profit is higher than loan interest.Auteurs :
Extrait de la revue BMI 101
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