Browsing by Subject "Wealth transfer"

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    • A Capital Structure Model (CSM) with Wealth Transfers 

      Hull, Robert M.
      Perpetuity gain to leverage (GL) research originating in Modigliani and Miller (1963) and Miller (1977) analyzes the change in value from issuing debt to retire unleveraged equity. Hull (2007, 2010) extends this research ...

    • Leverage Borrowing Rates, Tax Rates And Growth Rates 

      Hull, Robert M.
      This paper extensively broadens the perpetuity gain to leverage (GL) equations of Modigliani and Miller (1963) and Miller (1977) by developing a capital structure model (CSM) that contains a series of perpetuity GL equations ...