CEVAP:

 Each firm has unique features affecting its asset structure, risk appetite, and competitive strength. The firm age, size, and its legal status are among other elements that
impact capital structure. Additionally, the performance of the company, its short and long-term solvency, its level of leverage determines its creditworthiness. Credit-worthy businesses can have easy access to available funds both in debt and equity. Thus, they will enjoy more flexibility in capital structure decisions.