Using the Shiller PE Ratio (Cyclically Adjusted Price to Earnings - CAPE) on capital structure theory (trade-off, pecking order and market timing)?

Shiller PE Ratio seems to fit well as a proxy to test the Market Tiiming Theory along with the Market-to-Book (M/B). Since the M/B measures the managers 'perception of the company in the market in...

13 January 2017 5,032 2 View