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A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE

1973; Wiley; Volume: 28; Issue: 4 Linguagem: Inglês

10.1111/j.1540-6261.1973.tb01415.x

1540-6261

Alan Kraus, Robert H. Litzenberger,

Corporate Finance and Governance

The Journal of FinanceVolume 28, Issue 4 p. 911-922 Article A STATE-PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE Alan Kraus, Alan KrausSearch for more papers by this authorRobert H. Litzenberger, Robert H. LitzenbergerThe authors are, respectively, Associate Professor of Finance, Faculty of Commerce and Business Administration, University of British Columbia, and Associate Professor of Finance, Graduate School of Business, Stanford University.Search for more papers by this author Alan Kraus, Alan KrausSearch for more papers by this authorRobert H. Litzenberger, Robert H. LitzenbergerThe authors are, respectively, Associate Professor of Finance, Faculty of Commerce and Business Administration, University of British Columbia, and Associate Professor of Finance, Graduate School of Business, Stanford University.Search for more papers by this author First published: September 1973 https://doi.org/10.1111/j.1540-6261.1973.tb01415.xCitations: 690 The research for this paper was supported in part by a grant from the Dean Witter Foundation. The co-authors benefitted from the comments of Joel Demski, Nestor Gonzalez, James W. Hoag, William F. Sharpe, Richard E. Stehle, and James C. Van Horne on earlier drafts of this paper. The comments of the reviewer are also gratefully acknowledged. The co-authors are, of course, jointly and equally responsible for the content of the paper. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume28, Issue4September 1973Pages 911-922 RelatedInformation