{"id":"https://openalex.org/W1601098325","doi":null,"title":"ALTERNATIVE THEORIES OF CAPITAL STRUCTURE","display_name":"ALTERNATIVE THEORIES OF CAPITAL STRUCTURE","publication_year":2015,"publication_date":"2015-03-30","ids":{"openalex":"https://openalex.org/W1601098325","mag":"1601098325"},"language":"en","primary_location":{"id":"mag:1601098325","doi":null,"is_oa":true,"landing_page_url":"http://eujournal.org/index.php/esj/article/download/5325/5134","pdf_url":null,"source":{"id":"https://openalex.org/S2764799362","display_name":"European Scientific Journal ESJ","issn_l":"1857-7431","issn":["1857-7431","1857-7881"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","vabb-shw"],"host_organization":"https://openalex.org/P4320800573","host_organization_name":"European Scientific Institute","host_organization_lineage":["https://openalex.org/P4320800573"],"host_organization_lineage_names":["European Scientific Institute"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"European Scientific Journal ESJ","raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"http://eujournal.org/index.php/esj/article/download/5325/5134","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5013882868","display_name":"Seadin Xhaferi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I124793430","display_name":"State University of Tetova","ror":"https://ror.org/01e4kx996","country_code":"MK","type":"education","lineage":["https://openalex.org/I124793430"]}],"countries":["MK"],"is_corresponding":false,"raw_author_name":"Seadin Xhaferi","raw_affiliation_strings":["State University of Tetova, R. of Macedonia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"State University of Tetova, R. of Macedonia","institution_ids":["https://openalex.org/I124793430"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5067509284","display_name":"Besa Seadin Xhaferi","orcid":"https://orcid.org/0000-0001-8744-2562","observed_orcids":["https://orcid.org/0000-0001-8744-2562"]},"institutions":[{"id":"https://openalex.org/I124793430","display_name":"State University of Tetova","ror":"https://ror.org/01e4kx996","country_code":"MK","type":"education","lineage":["https://openalex.org/I124793430"]}],"countries":["MK"],"is_corresponding":false,"raw_author_name":"Besa Xhaferi","raw_affiliation_strings":["State University of Tetova, R. of Macedonia"],"raw_orcid":"https://orcid.org/0000-0001-8744-2562","affiliations":[{"raw_affiliation_string":"State University of Tetova, R. of Macedonia","institution_ids":["https://openalex.org/I124793430"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I124793430"],"apc_list":null,"apc_paid":null,"fwci":1.2112,"has_fulltext":false,"cited_by_count":6,"citation_normalized_percentile":{"value":0.83962741,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"11","issue":"7","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0027000000700354576,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9779999852180481},{"id":"https://openalex.org/keywords/financing-mix","display_name":"financing mix","score":0.9110000133514404},{"id":"https://openalex.org/keywords/modigliani-miller-theorem","display_name":"Modigliani-Miller theorem","score":0.9390000104904175},{"id":"https://openalex.org/keywords/trade-off-theory","display_name":"trade-off theory","score":0.9869999885559082},{"id":"https://openalex.org/keywords/pecking-order-theory","display_name":"pecking order theory","score":0.9980000257492065},{"id":"https://openalex.org/keywords/sources-of-finance","display_name":"sources of finance","score":0.6930000185966492},{"id":"https://openalex.org/keywords/corporate-finance","display_name":"corporate finance","score":0.460999995470047}],"concepts":[{"id":"https://openalex.org/C172983313","wikidata":"https://www.wikidata.org/wiki/Q1567268","display_name":"Pecking order theory","level":4,"score":0.8641467690467834},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.7993158102035522},{"id":"https://openalex.org/C2777496998","wikidata":"https://www.wikidata.org/wiki/Q1536587","display_name":"Miller","level":2,"score":0.6730995178222656},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6300160884857178},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.47204670310020447},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.44675612449645996},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.4433629512786865},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3688061237335205},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.349895179271698},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3352911174297333},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.15686306357383728},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:1601098325","doi":null,"is_oa":true,"landing_page_url":"http://eujournal.org/index.php/esj/article/download/5325/5134","pdf_url":null,"source":{"id":"https://openalex.org/S2764799362","display_name":"European Scientific Journal ESJ","issn_l":"1857-7431","issn":["1857-7431","1857-7881"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","vabb-shw"],"host_organization":"https://openalex.org/P4320800573","host_organization_name":"European Scientific Institute","host_organization_lineage":["https://openalex.org/P4320800573"],"host_organization_lineage_names":["European Scientific Institute"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"European Scientific Journal ESJ","raw_type":null}],"best_oa_location":{"id":"mag:1601098325","doi":null,"is_oa":true,"landing_page_url":"http://eujournal.org/index.php/esj/article/download/5325/5134","pdf_url":null,"source":{"id":"https://openalex.org/S2764799362","display_name":"European Scientific Journal ESJ","issn_l":"1857-7431","issn":["1857-7431","1857-7881"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","vabb-shw"],"host_organization":"https://openalex.org/P4320800573","host_organization_name":"European Scientific Institute","host_organization_lineage":["https://openalex.org/P4320800573"],"host_organization_lineage_names":["European Scientific Institute"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"European Scientific Journal ESJ","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W32054981","https://openalex.org/W142607461","https://openalex.org/W1553285261","https://openalex.org/W1600973450","https://openalex.org/W1999175344","https://openalex.org/W2028735772","https://openalex.org/W2041623542","https://openalex.org/W2046302448","https://openalex.org/W2086660226","https://openalex.org/W2097229680","https://openalex.org/W2098982861","https://openalex.org/W2106897074","https://openalex.org/W2133743363","https://openalex.org/W2143437037","https://openalex.org/W2143475240","https://openalex.org/W2151187881","https://openalex.org/W2159243278","https://openalex.org/W2167351159","https://openalex.org/W2170790204","https://openalex.org/W2189619604","https://openalex.org/W2294506794","https://openalex.org/W2505820266","https://openalex.org/W2604146354","https://openalex.org/W2748397384","https://openalex.org/W3122412664","https://openalex.org/W3122420217","https://openalex.org/W3122589234","https://openalex.org/W3123014546","https://openalex.org/W3123206484","https://openalex.org/W3123411328","https://openalex.org/W3123465528","https://openalex.org/W3124470620","https://openalex.org/W3124871904","https://openalex.org/W3125749692"],"related_works":["https://openalex.org/W7111005262","https://openalex.org/W2581592997","https://openalex.org/W2391933661","https://openalex.org/W1714516283","https://openalex.org/W2547454379","https://openalex.org/W7219931390","https://openalex.org/W2123164677","https://openalex.org/W229978768","https://openalex.org/W2072688608","https://openalex.org/W1587695428"],"abstract_inverted_index":{"The":[0],"beginning":[1],"of":[2,5,23,31,57,81],"the":[3,10,21,28,32,36],"study":[4],"financing":[6,58],"mix":[7],"is":[8],"after":[9,35],"Modigliani":[11],"and":[12,15,68],"Miller":[13],"theorem":[14,38],"its":[16],"unrealistic":[17],"assumptions":[18],"under":[19],"which":[20],"source":[22],"finance":[24],"does":[25],"not":[26],"impact":[27],"capital":[29],"structure":[30],"firm.":[33],"Continuously":[34],"M-M":[37],"new":[39],"theories":[40,54,77],"are":[41,47],"developed.":[42],"In":[43],"this":[44,76],"paper":[45],"we":[46],"going":[48],"to":[49],"look":[50],"at":[51],"these":[52],"alternative":[53],"for":[55],"sources":[56],"with":[59],"a":[60],"specific":[61],"detail":[62],"on":[63],"the:":[64],"Trade":[65],"off":[66],"theory":[67],"Pecking":[69],"order":[70],"theory.":[71],"We":[72],"provide":[73],"evidence":[74],"how":[75],"cope":[78],"in":[79],"practice":[80],"business.":[82]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}