Corporate Leverage and Growth: A General Equilibrium Analysis
Within the framework of general equilibrium in which there are two corporations generating net earnings by efficient utilization of debt and equity capital it is demonstrated that optimum capital structure indeed exists for each firm and for the economy in competitive capital market. Since the resul...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2003-02-01
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| Series: | International Journal of Banking and Finance |
| Online Access: | https://www.scienceopen.com/document?vid=faeed008-98ac-4c09-90f4-52665b300556 |