In 1991 were us firms more or less indebted than their


1. In 1991, were U.S. firms more or less indebted than their British counterparts?

2. What are the most important financial mechanisms influencing capital structure changes over 5-year horizons?

3. Is dividend activity a major factor in determining capital structure changes in U.S. firms-explaining why some firms have high debt ratios and other firms have low debt ratios?

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Corporate Finance: In 1991 were us firms more or less indebted than their
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