Concepedia

A State-Preference Model of Optimal Financial Leverage

Alan Kraus, Robert H. Litzenberger

The Journal of Finance · 1973 · 826 citations · 0 references

Concepts

BusinessEconomicsFinanceFinancial EconomicsFinancial MarketsOptimizationCapital Structure DeterminantsCapital Structure TheoryFinancial RiskLeverage DecisionsLeverage PolicyRisk AversionFinancial Leverage EffectsLeverage ChoiceLeverage MeasureLeverage StrategyOptimal Leverage