A Teaching Application: Assessing the Valuation Impact of Debt

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dc.contributor.authorMcNultry, Daniel
dc.contributor.authorHull, Robert M.en_US
dc.dateFebruary 2007en_US
dc.date.accessioned2018-11-02T14:38:13Z
dc.date.available2018-11-02T14:38:13Z
dc.date.issued2007-02-1
dc.description.abstractIn this paper, we offer a teaching application of the capital structure decision-making process for a firm undergoing a change in its debt and equity mix. Our application uses a recent equation that contains the variables for which managers can reasonably estimate values. Suprisingly, the key variables found in this paper's equation are missing from the standard textbook equations and, until recently, even extant research. Given manager's estimates of the equation's variables, they can use the equation to choose an optimal debt level. Our application cannot only help business students understand the impact of the managerial debt choice on firm value, but can also provide them with a tool to use as future financial managers.en_US
dc.description.sponsorshipKaw Valley Banken_US
dc.format.mediumPDFen_US
dc.identifier.otherSchool of Business Working Paper Series; No. 81en_US
dc.identifier.urihttps://hdl.handle.net/10425/220
dc.language.isoen_USen_US
dc.publisherWashburn University. School of Businessen_US
dc.subjectBusiness educationen_US
dc.subjectCapital structureen_US
dc.subjectCorporate debten_US
dc.subjectCorporate financeen_US
dc.subjectDebt-To-Equity Ratioen_US
dc.titleA Teaching Application: Assessing the Valuation Impact of Debten_US
dc.typeWorking paperen_US
washburn.identifier.cdm152en_US
washburn.identifier.oclc235272585en_US
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