Quarterly Journal of Economics Vol. 93 No. 3 1979

Wealth Maximization and the Cost of Capital

Alan J. Auerbach^1,2

¹ Harvard University · ² National Bureau of Economic Research

Abstract

I. Introduction, 433.—II. The model, 434.—III. The problem, 435.—IV. Wealth maximization: no personal taxes, 436.—V. Wealth maximization with personal taxes, 438.—VI. Firm value and the cost of capital, 440.—VII. Financial policy and the cost of capital, 442.—VIII. Conclusion, 445.

DOI

10.2307/1883167

Volume

93

Issue

3

Pages

433

Sources

crossref openalex

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