Are Corporate Default Probabilities Consistent with the Static Tradeoff Theory?
收藏NBER2011-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17290
下载链接
链接失效反馈官方服务：
资源简介：
Default probability plays a central role in the static tradeoff theory of capital structure. We directly test this theory by regressing the probability of default on proxies for costs and benefits of debt. Contrary to predictions of the theory, firms with higher bankruptcy costs, i.e., smaller firms
提供机构：
美国国家经济研究局
创建时间：
2011-08-01
