本科毕业论文(设计)外文翻译原文:,northeresultofpro-activeattemptstorebalancethefirm’scapitalstructuretowardsalong-,theevolutionofthefirm’,,theyarebroadlyconsistentwithacapitalstructuretheoryinwhichfinancialflexibility,intheformofunuseddebtcapacity,-,trade-offmodelshavedifficultyexplainingwhyfirmstendtoissuestockafterexogenousdecreasesinleverage(-ups),whyleverageratiosarenegativelyrelatedtoprofitability,,,IlievandWelch’s(2009)findingthattheaveragenon-stock-returncausedchangeinleverageisabout9%(Sufi2009),mercialpapermarket(Kahl,Shivdasani&Wang2008),andlow-cost(non-SEO)methodsofissuingequity(FamaandFrench2005).Perh
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