If our empirical knowledge about the deeper determinants of, Corporate Finance

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If our empirical knowledge about the deeper determinants of

1. If our empirical knowledge about the deeper determinants of capital structure is modest, does this mean that capital structure theories are irrelevant?

2. What do CFOs claim they care about when thinking about the best capital structure?

3. Are answers from managers "prescriptive" (i.e., giving good guidance as to what corporations should do)?

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Corporate Finance: If our empirical knowledge about the deeper determinants of

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Corporate Finance: If our empirical knowledge about the deeper determinants of

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