The value of tax shields IS equal to the present value of tax shields

Journal of Financial Economics

Volumn 81, Issue 1, 2006, Pages 215-225

  Cooper, Ian A ^a   Nyborg, Kjell G ^b,c  

^a LONDON BUSINESS SCHOOL   (United Kingdom)

^b NORWEGIAN SCHOOL OF ECONOMICS   (Norway)

^c CEPR   (United Kingdom)

Author keywords

Adjusted present value; Cost of capital; Leverage policy; Unlevered beta; Value of tax shields

Indexed keywords

EID: 33745179882     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jfineco.2005.07.003     Document Type: Article

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