Taxes and Corporate Capital Structure in an Incomplete Market
收藏NBER1980-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0594
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资源简介：
This paper extends Merton Miller's 1977 analysis of corporate capital structure decisions to the incomplete capital markets case. As in Miller's model, aggregate demand for corporate leverage is curtailed as interest rates on taxable bonds rise. Unlike Miller's model, however, capital structure is
提供机构：
美国国家经济研究局
创建时间：
1980-12-01
