Ambiguity and the Tradeoff Theory of Capital Structure
收藏NBER2016-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22870
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资源简介：
We examine the impact of ambiguity, or Knightian uncertainty, on the capital structure decision, using a static tradeoff theory model in which agents are both ambiguity and risk averse. The model confirms the well-known result that greater riskthe uncertainty over outcomesleads firms to decrease
提供机构：
美国国家经济研究局
创建时间：
2016-11-01
