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Quarterly Journal of Economics Vol. 87 No. 3 1973

An Alternative Proof of the B-M Theorem on the Existence of the Firm's Optimal Capital Structure

William Sher

Duquesne University

Abstract

I. Introduction, 474. — II. Limited liability of stockholders and the asymmetry of investor's opportunity locus in relation with company opportunity locus, 475. — III. Conclusion, 481.

DOI
10.2307/1882016
Volume
87
Issue
3
Pages
474
Sources
openalex crossref

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