Government Debt and Private Leverage: An Extension of the Miller Theorem
收藏NBER1982-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0965
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资源简介：
This paper shows how government financing decisions can influence the corporate decision to use debt or equity finance. In particular, it is shown that an increase in the stock of taxable government debt reduces the equilibrium quantity of corporate debt, and that an increase in the stock of tax
提供机构：
美国国家经济研究局
创建时间：
1982-08-01
