Harris is the Chicago Board of Trade Professor of Finance and Business Economics, Graduate School of Business, University of Chicago. Raviv is the Alan E. Peterson Professor of Finance, Kellogg Graduate School of Management, Northwestern University, and Professor, Faculty of Management, Tel Aviv University. We are grateful to the National Science Foundation and the Bradley Foundation for financial support. Harris would also like to thank Dimensional Fund Advisors for additional financial support. Helpful comments from participants at seminars at the University of Chicago, Stanford University, MIT and the 1989 European Economic Association Meetings, especially George Constantinides, Doug Diamond, Allan Kleidon, John Persons, Cynthia Van Hulle, Robert Vishny, and Yoram Weiss are gratefully acknowledged. We also thank René Stulz, the editor, and an anonymous referee for valuable suggestions.
Capital Structure and the Informational Role of Debt
Article first published online: 30 APR 2012
1990 The American Finance Association
The Journal of Finance
Volume 45, Issue 2, pages 321–349, June 1990
How to Cite
HARRIS, M. and RAVIV, A. (1990), Capital Structure and the Informational Role of Debt. The Journal of Finance, 45: 321–349. doi: 10.1111/j.1540-6261.1990.tb03693.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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