Showing 1 - 10 of 9,999
Persistent link: https://www.econbiz.de/10008456415
Persistent link: https://www.econbiz.de/10008456419
Recent years have seen the emergence of a sizable literature comparing the cost of capital in the United States and … capital disparities. …
Persistent link: https://www.econbiz.de/10005346235
Persistent link: https://www.econbiz.de/10005361352
An analysis of a q model of investment in which financial structure affects firm value, using a perfect foresight model of general equilibrium that includes a debt-related agency cost; uses the comparative statics and dynamics of changing the corporate tax rate as an illustration.
Persistent link: https://www.econbiz.de/10005428227
An analysis of the corporate investment decision when financial structure has real effects, utilizing data for the U.S. manufacturing sector from 1954 to 1980.
Persistent link: https://www.econbiz.de/10005428381
uring the 1980s, the proportion of business assets financed by debt exceeded that of any other period since World War II. The characteristics of financial securities also changed, as junk bonds, variants of preferred stock, warrants, and other forms of mezzanine financing became more common in...
Persistent link: https://www.econbiz.de/10005428532
considers the extent to which changes in the cost of capital can account for these shifts. A number of developments occurred in … the 1980s that affected the cost of capital more for some industries and assets than others. It is well known, for example … allocation of investment. The article concludes that the changes are due in large part to movements in real capital goods prices …
Persistent link: https://www.econbiz.de/10005428582
Persistent link: https://www.econbiz.de/10005491200
Persistent link: https://www.econbiz.de/10005387389