Firm Value and the Debt-Equity Choice

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dc.contributor.authorHull, Robert M.en_US
dc.dateAugust 2004en_US
dc.date.accessioned2018-11-02T14:38:07Z
dc.date.available2018-11-02T14:38:07Z
dc.date.issued2004-08-1
dc.description.abstractThis paper offers gain to leverage formulations showing how changes in equity and debt discount rates influence firm value. Applications of these formulations illustrate the impact on firm value with risk-free debt and only corporate taxes, with risky debt and only corporate taxes, and with risky debt and both corporate and personal taxes. To the extent changes in discount rates can be adequately estimate, this paper provides financial managers with practical formulations that can be used when they make their debt-equity choices.en_US
dc.description.sponsorshipKaw Valley Banken_US
dc.format.mediumPDFen_US
dc.identifier.otherSchool of Business Working Paper Series; No. 28en_US
dc.identifier.urihttps://hdl.handle.net/10425/189
dc.language.isoen_USen_US
dc.publisherWashburn University. School of Businessen_US
dc.subjectCorporate financeen_US
dc.subjectCorporate debten_US
dc.subjectDebt-to-Equity Ratioen_US
dc.titleFirm Value and the Debt-Equity Choiceen_US
dc.typeWorking paperen_US
washburn.identifier.cdm124en_US
washburn.identifier.oclc61517384en_US
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