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A Simple Accounting-based Valuation Model for the Debt Tax Shield

Scholze, Andreas - In: BuR - Business Research 3 (2010) 1, pp. 37-47

value of equity is determined by forecasting residual operating income, which is calculated by charging operating income for …

Persistent link: https://www.econbiz.de/10010421346

Working capital finance and the balanced budget multiplier

Chang, Wen-ya - In: The American economist : journal of Omnicron Delta … 36 (1992) 2, pp. 61-65

Persistent link: https://www.econbiz.de/10001141481

The debt tax shield in general equilibrium

Fischer, Marcel; Jensen, Bjarne Astrup - In: Journal of banking & finance 100 (2019), pp. 151-166

Persistent link: https://www.econbiz.de/10012162482

The debt tax shield, economic growth and inequality

Fischer, Marcel; Jensen, Bjarne Astrup - 2017 - This version: May 2017

We study the implications of the corporate debt tax shield in a growth economy that taxes household income and firm …

Persistent link: https://www.econbiz.de/10011753740

Miles-Ezzell's WACC Approach Yields Arbitrage

Löffler, Andreas - 2001

A simple counterexample shows that the formula developed by Miles and Ezzell (1980) can be used to create an arbitrage opportunity. The only consequence to be drawn is that their WACC formula cannot be applied under the circumstances assumed by Miles and Ezzel. We show how the WACC theory has to...

Persistent link: https://www.econbiz.de/10005840909