Trade-off theory of capital structure basically entails offsetting the costs of debt against the benefits of debt. MM 1963 introduced the tax benefit of debt. Later work led to a optimal capital structure which is given by the trade off thoery. The first element usually considered as the cost of debt is usually the financial distress costs or bankruptcy costs of debt. It is important to note that this includes the direct and indirect bankruptcy costs. Trade-off theory can also include the agency costs from agency theory as a cost of debt to explain why companies dont have 100% debt as expected from MM 1963. 95% of empirical papers in this area of study looks at the conflict between managers and shareholders. The others look at conflicts between debtholders and shareholders. Both are equally important to explain how the agency theory is related to the trade-off theory. The introduction of a dynamic trade-off theory makes the predictions of the this theory a lot more accurate and reflective of that in practise.
Static analysis Analised the relation between one equilibrium to another equilibrium.
it is something to do with buildings and static
The plane of application is the side of the structure affected by the force. External Forces and Loads. Every structure needs to support a load. The total load is the sum of the static and dynamic loads. The static load is the effect of gravity on a structure.
Both static and dynamic structures are the sequence of statements. The only difference is that the sequence of statements in a static structure is fixed, whereas in a dynamic structure it is not fixed. That means
There are round character,dynamic character and static character
A static shape has a fixed relationship between all of its vertexes. A dynamic shape can vary the position of at least one of its vertexes in relation to the others.
A static shape has a fixed relationship between all of its vertexes. A dynamic shape can vary the position of at least one of its vertexes in relation to the others.
In structure <?php ?> <html> </html> in application - one is static and another is dynamic. this much ......
Nitrogen
Electric discharge, is the word that makes this statement.
No. In order to induce an EMF, the coil and the magnet must be moving in relation to each other.
the answer is motionAn angle.DisplacementMotion is a change in the position of an object in relation to a reference point.