haku: @indexterm debt financing / yhteensä: 179
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| Tekijä: | Chung, K. H. |
| Otsikko: | Debt and risk: a technical note |
| Lehti: | Journal of Business Finance and Accounting
1989 : WINTER, VOL. 16:5, p.719-727 |
| Asiasana: | CORPORATE FINANCE RISK MEASUREMENT SECURITIES VALUATION DEBT FINANCING |
| Kieli: | eng |
| Tiivistelmä: | The relationship between the firm's operating risk characteristics and its choice of financial leverage is examined. Using the mean-variance theory of security valuation, a direct link is established between the firm's financial structure decision and an ordinary risk measure for common stock, unlevered beta. The merit of this approach lies in its simplicity and its easier-to -measure definition of the firm's risk for future empirical tests. |
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