Abstract
Capital structure is a really important concept in the realm of financial management. Capital structure theory requires the management to search for the alternative sources of funds in an attempt to finance the various business operations and growth phenomenon. There are two main sources of capital around which the companies structure their capital financing, being debt and equity. This academic essay is an attempt on the part of the writer to discuss the phenomenon of capital structuring in detail. In lieu of this, the theory of capital structure is investigated in detail with an analysis of Modigliani and Miller model ...