The Effect of Risk on the Firm's Optimal Capital Stock: A Note

Authors

  • KEVIN J. MALONEY,

  • WILLIAM J. MARSHALL,

  • JESS B. YAWITZ

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    • School of Business, Washington University, St. Louis, Missouri 63130. The authors wish to acknowledge the helpful comments of David Baron, Thomas Gilligan, Edward Greenberg, Ira Horowitz, James Little, and an anonymous referee.

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