Assistant Professor of Economics and Finance, University of California, Los Angeles. I would like to thank Walter Blum, Michael Brennan, George Constantinides, Larry Dann, Kenneth French, Nicholas Gonedes, Albert Madansky, David Mayers, Robert Merton, Merton Miller, Harry Roberts, Myron Scholes, Robert H. Litzenberger and especially Robert Hamada, for their considerable help and encouragement. This is based on a chapter of my dissertation written at the University of Chicago. I have also benefited from the suggestions of the participants in the many finance workshops where this paper was presented. I also wish to thank the many U.S. corporations which voluntarily co-operated in this study. An earlier version of this paper was presented at the Western Finance Association meetings in Jackson Hole in June 1981. I take sole responsibility for any remaining errors.
The Impact of Capital Structure Change on Firm Value: Some Estimates
Article first published online: 30 APR 2012
1983 The American Finance Association
The Journal of Finance
Volume 38, Issue 1, pages 107–126, March 1983
How to Cite
MASULIS, R. W. (1983), The Impact of Capital Structure Change on Firm Value: Some Estimates. The Journal of Finance, 38: 107–126. doi: 10.1111/j.1540-6261.1983.tb03629.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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