DESIGNING CAPITAL STRUCTURE TO CREATE SHAREHOLDER VALUE

In the past decade, many U.S. companies have launched aggressive share repurchase programs with the expectation that value can be created by returning excess capital to shareholders and moving the firm closer to its optimal capital structure. But how much capital does a company really need to support its business activities? 1997 Morgan Stanley.

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Year of publication:	1997
Authors:	Opler, Tim C. ; Saron, Michael ; Titman, Sheridan
Published in:	Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 10.1997, 1, p. 21-32
Publisher:	Morgan Stanley

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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