Viktoriya Staneva*
The evolution of capital structure is a critical area of study within corporate finance, reflecting how firms balance debt and equity to optimize their financial performance and strategic goals. This paper examines the historical trends and determinants influencing capital structure in the modern economy. Through a comprehensive review of existing literature and empirical data, we identify key factors such as market conditions, regulatory environments, technological advancements, and firm-specific characteristics that shape capital structure decisions. Our analysis highlights the dynamic nature of capital structures and provides insights into how contemporary economic shifts influence corporate financing strategies.
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