Theory of the firm's cost of capital, a: how debt affects the firm's risk, value, tax rate, and the government's tax claim
Auteur :
Rao, Ramesh K S / Stevens, Eric C
Éditeur :
World Scientific Publishing Co Pte Ltd
ISBN :
9789812569493
Date de publication :
13 mars 2007
Langue :
Anglais
Pays d'origine :
Singapour
The cost of capital concept is widely used in business decision-making. The theory and estimates for measurement of cost of capital are derived from the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (depreciation) and default considerations.