Debt, Taxes, and Liquidity
收藏NBER2014-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20009
下载链接
链接失效反馈官方服务：
资源简介：
We analyze a model of optimal capital structure and liquidity choice based on a dynamic tradeoff theory for financially constrained firms. In addition to the classical tradeoff between the expected tax advantages of debt and bankruptcy costs, we introduce a cost of external financing for the firm,
提供机构：
美国国家经济研究局创建时间：
2014-03-01
