Empirical Studies of the Capital Structure of Corporations in the United

question 45

Multiple Choice

Empirical studies of the capital structure of corporations in the United States have generally agreed that leverage increases with each of the following EXCEPT

• A) fixed assets
• B) advertising and research/development expenditures
• C) nondebt tax shields
• D) growth opportunities
• E) firm size

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Definitions:

STEM Fields

Acronym for Science, Technology, Engineering, and Mathematics, referring to disciplines that emphasize the importance of empirical evidence, logic, and innovation.

Women

Female human adults; also refers to issues, roles, and identities specific to female individuals in various contexts.

Post-Formal Cognitive Development

A stage of cognitive maturity where individuals are able to think abstractly, consider multiple viewpoints, and understand that issues can have complex resolutions.

Metacognition

Awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."