Optimizing of the Capital Structure of the Concrete Firm from the Theoretical and Practical Point of View

The aim of this contribution is to analyze if does the debt policy matter in concrete firm. The contribution is based on a basic analysis of single theories and their possible usage in the process of concrete optimizing. The firm has to decide firstly if to start the process of active optimizing or if it is satisfied with the observance of branch standards or it is satisfied with the compliance of the pecking order theory. The firm could use both theories stipulating the concrete empirical value of indebtedness, i.e. traditional theory and theory of spouses Neumaier's, and choose the value which better fulfill the further aspects such as for example dimension of Brealey-Myers theory. The optimizing structure is not possible to identify, but only to estimate because of the different approaches to the solution of the application problems of single theories. The optimal capital structure will vary because of the subjective approach to the process of optimizing.