Valuing companies with a fixed book-value leverage ratio
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References listed on IDEAS
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"The value of tax shields IS equal to the present value of tax shields,"
Journal of Financial Economics, Elsevier, vol. 81(1), pages 215-225, July.
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More about this item
Keywords
Company valuation; value of tax shields; present value of the net increases of debt; required return to equity;All these keywords.
JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CFN-2006-02-12 (Corporate Finance)
- NEP-FIN-2006-02-12 (Finance)
- NEP-FMK-2006-02-12 (Financial Markets)
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