Application of the Models of Optimal Debt Ratio for Innovation Oriented Companies

Authors

  • Александр Игоревич Сергеев St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

Abstract

The article represents a comparative analysis of optimal debt ratio models, designed within the framework of capital structure theory, which is a part of financial theory. Applicability of the research is explained by the persistent high interest to the methods of rational use of sources of financing, which is determined particularly by the global financial and economic crisis. The specificity of the author’s view on the problem is the intention to analyze the traditional optimal debt ratio models in the light of specific character of innovation oriented companies.

Keywords:

optimal capital structure, capital structure models, determinants of optimal capital structure

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Author Biography

Александр Игоревич Сергеев, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

аспирант

References

Литература на русском языке

Рудык Н. В. Структура капитала корпораций: теория и практика. М.: Дело, 2004. С. 10–169.


References in Latin Alphabet

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Lööf H. Dynamic optimal capital structure and technical change, Structural Change and Economic Dynamics. 2004. Vol. 15. N 14. P. 449–468.

Myers S. C. Determinants of Corporate Borrowing // Journal of Financial Economics. 1977. Vol. 5. N 2. P. 147–175.

Myers S. C. The Capital Structure Puzzle // The Journal of Finance. 1984. Vol. 39. N 3. 1984. December 28–30. Р. 575–592.

Myers S. C., Majluf N. S. Corporate Financing and Investment Decisions when Firms have Information that Investors do not have // The Journal of Financial Economics, 1984. N 13. Р. 187–222.


Translation of references in Russian into English

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Published

2010-12-30

How to Cite

Сергеев, А. И. (2010). Application of the Models of Optimal Debt Ratio for Innovation Oriented Companies. St Petersburg University Journal of Economic Studies, (4), 150–154. Retrieved from https://economicsjournal.spbu.ru/article/view/3162

Issue

No. 4 (2010)

Section

Short Scientific Reports

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.