Debt Policy, Corporate Taxes, and Discount Rates
收藏NBER2002-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9353
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资源简介：
This paper studies the valuation of assets with debt tax shields when debt policy is a general time-dependent function of the asset's unlevered cash flows, value, and history. In a continuous-time setting, it shows that the value of a project's debt tax shield satisfies a partial differential
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美国国家经济研究局创建时间：
2002-11-01
