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Berens et al., 1995 - Google Patents

The capital structure puzzle revisited

Berens et al., 1995

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Document ID
14555340805899904068
Author
Berens J
Cuny C
Publication year
Publication venue
The Review of Financial Studies

External Links

Snippet

Corporate finance researchers have long been puzzled by low corporate debt ratios given debt's corporate tax advantage. This article recognizes that firm value typically reflects a growing stream of earnings, while current debt reflects a nongrowing stream of interest …
Continue reading at apps.olin.wustl.edu (PDF) (other versions)

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