Hull, Robert Martin - In: International Journal of Financial Studies : open … 11 (2023) 1, pp. 1-39
, valuation, leverage gain, and growth-related outcomes. All tests considered, NPs (compared to CCs) have a 34.90% valuation … and 10.97% less in retained earnings); attain a 2.56% greater optimal leverage ratio; and, realize 10.97% less in dollars …