Optimal Debt and Profitability in the Tradeoff Theory
收藏NBER2015-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21548
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资源简介：
I develop a dynamic model of leverage with tax deductible interest and an endogenous cost of default. The interest rate includes a premium to compensate lenders for expected losses in default. A borrowing constraint is generated by lenders unwillingness to lend an amount that would trigger immediate
提供机构：
美国国家经济研究局
创建时间：
2015-09-01
