Now showing items 1-2 of 2

    • A capital structure model (CSM) with tax rate changes 

      Hull, Robert M.
      Perpetuity gain to leverage (GL) research originates in Modigliani and Miller (1963) and was extended by Miller (1977) to incorporate personal taxes. This research analyzes GL when issuing debt to retire unlevered equity. ...
    • Pass through valuation 

      Hull, Robert M.; Price, Daivd
      We fill in missing gaps in small business valuation by investigating a pass-through owner managed enterprise undergoing a debt-for-equity exchange to determine its maximum gain to leverage (GL), maximum firm value (VL) and ...