Capital Structure and Hedging Demand with Incomplete Markets
收藏NBER2014-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20345
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资源简介：
In this paper we study the role played by hedging demand in shaping firms' capital structure. We develop and study a general equilibrium model with production and incomplete markets where households differ in their risk-sharing needs. Value-maximizing firms cater to these different needs when
提供机构：
美国国家经济研究局
创建时间：
2014-07-01
