Problem optymalizacji struktury kapitału w świetle podejścia tradycyjnego oraz koncepcji Modiglianiego i Millera

There are two points of view as far as the issue of the financial resources raising and costs connected with that process are concerned. Traditional approach is based on the assumption that there is a balance between equity and debt, which allows to minimise weighted average cost of capital. On the other hand Modigliani and Miller have formulated theory according to which, the cost of raising of financial resources is the same regardless of the fact if they are equity or debt.