search query: @journal_id 55 / total: 555
reference: 31 / 555
Author: | Goldstein, R. Ju, N. Leland, H. |
Title: | An EBIT-based model of dynamic capital structure |
Journal: | Journal of Business
2001 : OCT, VOL. 74:4, p. 483-512 |
Index terms: | CAPITAL STRUCTURE OF COMPANIES DEBT EARNINGS SHARE PRICES |
Language: | eng |
Abstract: | A model of dynamic capital structure is proposed. Even though the optimal strategy is implemented over an arbitrarily large number of restructuring-periods, a scaling feature inherent in the framework permits simple closed-form expressions to be obtained for equity and debt prices. |
SCIMA