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Capitalization Structure: The Effects Of Leverage On Growth Prospects, Laura Cawley, Roers Janku
Capitalization Structure: The Effects Of Leverage On Growth Prospects, Laura Cawley, Roers Janku
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In this paper we quantitatively analyzed capital structure to lead to an understanding of the effects of debt within capital structure. Utilizing EBITDA growth as a proxy for the effects of leverage, we quantitatively analyzed the impact of the capitalization decision. Through the use of a model we analyzed 180 companies to come to conclusions about the EBITDA growth rate necessary as determined by leverage.