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In the financial sector, the capital structure is the most questionable issue and continues
to make researchers think. The capital structure refers to the combination of debt and capital
used by a company to finance its assets. The capital structure is one of the most important
decisions taken by the financial administration. The structure of corporate finance include
dividend policies, project financing, issuance of long-term securities, financing of mergers,
purchases, etc. One of the many objectives of a corporate financial manager is to guarantee
the lowest cost of capital and, therefore, the wealth of shareholders. The capital structure is
one of the effective administrative tools for managing the cost of capital. An optimal capital
structure is achieved at a point

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