Assistant Professor of Finance, University of Pennsylvania.
LEVERAGE, RISK OF RUIN AND THE COST OF CAPITAL*
Article first published online: 30 APR 2012
1967 The American Finance Association
The Journal of Finance
Volume 22, Issue 3, pages 395–403, September 1967
How to Cite
Baxter, N. D. (1967), LEVERAGE, RISK OF RUIN AND THE COST OF CAPITAL. The Journal of Finance, 22: 395–403. doi: 10.1111/j.1540-6261.1967.tb02975.x
I am grateful to K. L. Thompson for very conscientious and critical research assistance and to B. G. Malkiel and D. Vickers for helpful comments. An earlier draft of this paper was presented at the Thirteenth International Meeting of the Institute of Management Sciences, September 7, 1966. A grant from the National Science Foundation aided in the completion of the study.
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012