Capital structure substitution theory
id:
capital-structure-substitution-theory-249-9380814
title:
Capital structure substitution theory
text:
In finance, the capital structure substitution theory (CSS) describes the relationship between earnings, stock price and capital structure of public companies. The CSS theory hypothesizes that managements of public companies manipulate capital structure such that earnings per share (EPS) are maximized. Managements have an incentive to do so because shareholders and analysts value EPS growth. The theory is used to explain trends in capital structure, stock market valuation, dividend policy, the m
brand slug:
wiki
category slug:
encyclopedia
description:
Theory in finance
original url:
https://en.wikipedia.org/wiki/Capital_structure_substitution_theory
date created:
date modified:
2024-01-15T06:03:48Z
main entity:
{"identifier":"Q5035778","url":"https://www.wikidata.org/entity/Q5035778"}
image:
fields total:
13
integrity:
14