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Capital structure and corporate life cycle : a deeper understanding of the capital life stage theory

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Academic year: 2020

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Figure

Fig. 
  1 
  Organisational 
  life 
  stages 
  according 
  to 
  Adizes 
  (1979), 
  Miller 
  and 
  Friesen 
  (1984), 
  Mintzberg 
  (1984), 
  Lester 
  et 
  al., 
  (2003), 
  and 
  Levie 
  and 
  Lichtenstein 
  (2010)
Fig. 
  2 
  Development 
  of 
  the 
  debt 
  ratio 
  over 
  organisational 
  life 
  stages 
  according 
  to 
  Frielinghaus 
  et 
  al
Fig. 
   3 
   Development 
   of 
   the 
   debt 
   ratio 
   over 
   organisational 
   life 
   stages 
   according 
   to 
   Pinková 
   and 
  Kamínková 
  (2012)
Fig. 
  4 
  Constructed 
  capital 
  life 
  stage 
  framework 
  based 
  on 
  literature 
  
+7

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