Studies show systematic differences in capital structures across industries. These are due mostly to differences in __________.
A. hiring and firing practices.
B. the availability of tax shelter provided by things other than debt, such as accelerated depreciation, investment tax credit, and operating tax loss carryforwards.
C. what the arbitrage pricing theory tells us.
D. none of these
D. all of these
Studies show systematic differences in capital structures across industries. These are due mostly to differen
