Concepedia

Optimal Leverage

Optimal Leverage is a theoretical capital structure metric that identifies the precise level of debt financing which maximizes firm value by balancing the tax benefits of debt against the costs of financial distress and agency costs.

357

Publications

39.1K

Citations

537

Authors

365

Institutions

Publications per year

2017–2026

87

Parents

Publications

357

Corporate Debt Value, Bond Covenants, and Optimal Capital Structure

Hayne E. Leland · The Journal of Finance · 1994 · 2.9K citations

, , +17

A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE

Alan Kraus, Robert H. Litzenberger · The Journal of Finance · 1973 · 2.2K citations

, , +10

A Macroeconomic Model with a Financial Sector

Markus K. Brunnermeier, Yuliy Sannikov · American Economic Review · 2014 · 2K citations

, , +17

Dynamic Capital Structure Choice: Theory and Tests

Edwin O. Fischer, Robert Heinkel, Josef Zechner · The Journal of Finance · 1989 · 1.6K citations

, , +17

Do Firms Rebalance Their Capital Structures?

Mark T. Leary, Michael R. Roberts · The Journal of Finance · 2005 · 1.4K citations · Full text

, , +17

1–5 of 357

Authors

537

  1. JZ
    Josef Zechner

    Vienna University of Economics and Business, Austria

    11 publications · 2.8K citations

    11

    h-index

  2. EM
    Erwan Morellec

    Swiss Finance Institute, Switzerland

    9 publications · 1.3K citations

    9

    h-index

  3. CW
    Clifford W. Smith

    University of Rochester, United States

    6 publications · 889 citations

    6

    h-index

  4. AV
    Anjan V. Thakor

    Washington University in St. Louis, United States

    6 publications · 1K citations

    6

    h-index

  5. MH
    Martin Hellwig

    Max Planck Institute for Behavioral Economics, Germany

    5 publications · 502 citations

    5

    h-index

1–5 of 537

Institutions

365

  1. National Bureau of Economic Research

    Cambridge, United States

    20 h-index

    43 publications

    2.5K citations

  2. Centre for Economic Policy Research

    London, United Kingdom

    12 h-index

    16 publications

    861 citations

  3. European Corporate Governance Institute

    Brussels, Belgium

    12 h-index

    20 publications

    955 citations

  4. New York University

    New York, United States

    9 h-index

    15 publications

    1.3K citations

  5. University of Illinois Urbana-Champaign

    Urbana, United States

    8 h-index

    12 publications

    365 citations

  6. Vienna University of Economics and Business

    Vienna, Austria

    7 h-index

    7 publications

    380 citations

  7. University of Rochester

    Rochester, United States

    7 h-index

    13 publications

    2.7K citations

  8. Duke University

    Durham, United States

    6 h-index

    9 publications

    4K citations

1–8 of 365

Venues

  1. The Journal of Finance

    46 publications · 16K citations

    38

    h-index

  2. SSRN Electronic Journal

    Repository · 73 publications · 3.4K citations

    30

    h-index

  3. Journal of Financial and Quantitative Analysis

    JFQA · 18 publications · 1.6K citations

    17

    h-index

  4. Review of Financial Studies

    13 publications · 2.6K citations

    13

    h-index

  5. RePEc: Research Papers in Economics

    Repository · 10 publications · 283 citations

    10

    h-index

1–5