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JOINT DETERMINATION OF RATE OF RETURN AND CAPITAL STRUCTURE: AN ECONOMETRIC ANALYSIS

Authors

  • Willard T. Carleton,

  • Irwin H. Silberman

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    • University of North Carolina at Chapel Hill. Queens College, City University of New York. The authors gratefully acknowledge the assistance of the Economic Research Committee, Regular Common Carrier Conference. Miss Ta-Fang Li ably carried out the computational tasks of this study. Richard McEnally also provided very helpful comments. An earlier version of this paper was presented at the meetings of the Southern Finance Association, November 14, 1974, in Atlanta, Georgia.

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