Breakthrough in corporate finance

Abstract

 Presented article considers features of the analysis of traditional theories of optimal financing: tradeoff and pecking order theories. In given article lacks of traditional theories and possible approaches of their overcoming will be shined. For the purpose of expansion of understanding of a capital structure, financial contracts (mitigation of motivational conflicts, an agency and information problems) will be considered. In final part of presented work considers features of an estimation of speed of adjustment of a capital structure (a deviation of actual level of a financial leverage from its target), by means of dynamic models.