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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

Author

Miguel Reyna-Castillo

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Review Open access Aug 2026

Beyond Value Maximization: A Capital Structure Perspective Based on Financial Resilience

Capital structure theory has historically been dominated by the objective of maximizing firm value through the optimal combination of debt and equity. However, contemporary environments characterized by systemic uncertainty, financial volatility, and elevated risk exposure have highlighted the limitations of an exclusi...

Fernando SanJuan-Paz, R. C. M. Pelagio, Arturo Briseño-García et al. · 0 citations

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