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A simple correction of the WACC discount rate for default risk and bankruptcy costs
16 references·2 citing·36 second hop
A simple correction of the WACC discount rate for default risk and bankruptcy costs (2013)A simple correction of the WACC discount …Firm-Specific Factors as Determinants of Capital Structure: Evidence From Indonesia (2012)Firm-Specific Factors as Dete…Tax‐Adjusted Discount Rates with Investor Taxes and Risky Debt (2008)Tax‐Adjusted Discount Rates w…Valuing the Debt Tax Shield (2007)Valuing the Debt Tax ShieldCan corporate governance save distressed firms from bankruptcy? An empirical analysis (2007)Can corporate governance save…FINDING VALUE WHERE NONE EXISTS: PITFALLS IN USING ADJUSTED PRESENT VALUE (2002)FINDING VALUE WHERE NONE EXIS…Capital Cash Flows: A Simple Approach to Valuing Risky Cash Flows (2002)Capital Cash Flows: A Simple …TWO DCF APPROACHES FOR VALUING COMPANIES UNDER ALTERNATIVE FINANCING STRATEGIES (AND HOW TO CHOOSE BETWEEN THEM) (1997)TWO DCF APPROACHES FOR VALUIN…How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed (1997)How Costly is Financial (Not …Corporate Debt Value, Bond Covenants, and Optimal Capital Structure (1994)Corporate Debt Value, Bond Co…The Administrative Costs of Corporate Bankruptcy: A Note (1982)The Administrative Costs of C…The Weighted Average Cost of Capital, Perfect Capital Markets, and Project Life: A Clarification (1980)The Weighted Average Cost of …Bankruptcy Costs: Some Evidence (1977)Bankruptcy Costs: Some Eviden…BANKRUPTCY COSTS: SOME EVIDENCE (1977)BANKRUPTCY COSTS: SOME EVIDEN…INTERACTIONS OF CORPORATE FINANCING AND INVESTMENT DECISIONS—IMPLICATIONS FOR CAPITAL BUDGETING (1974)INTERACTIONS OF CORPORATE FIN…A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE (1973)A STATE‐PREFERENCE MODEL OF O…CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION (1963)CORPORATE INCOME TAXES AND TH…The Weighted Average Cost of Capital and Its Universality in Crisis Times: Evidence from the Energy Sector (2022)The Weighted Average Cost of …Analysing corporate insolvency in the Gulf Cooperation Council using logistic regression and multidimensional scaling (2014)Analysing corporate insolvenc…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)A Further Empirical Investigation of the Bankruptcy Cost Question (1984)Troubled debt restructurings (1990)Why Firms Use Currency Derivatives (1997)Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure (1979)The Determinants of Firms' Hedging Policies (1985)The cost of capital, corporation finance and the theory of investment (2008)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)The Determinants of Credit Spread Changes (2001)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Corporate Behavior in Adjusting to Capital Structure and Dividend Targets: An Econometric Study (1984)Behavioral Macroeconomics and Macroeconomic Behavior (2002)Capital Structure as a Strategic Variable: Evidence from Collective Bargaining (2010)DEBT AND TAXES* (1977)What determines the speed of adjustment to the target capital structure? (2006)Are the determinants of capital structure country or firm specific? (2008)Supply Chain Contract Design Under Financial Constraints and Bankruptcy Costs (2015)Managerial discretion and optimal financing policies (1990)Liquidation Values and Debt Capacity: A Market Equilibrium Approach (1992)Financial Distress and Corporate Performance (1994)Agency Costs, Risk Management, and Capital Structure (1998)How Big Are the Tax Benefits of Debt? (2000)Asset Fire Sales (and Purchases) in Equity Markets (2005)Valuation of Bankrupt Firms (2000)The theory and practice of corporate finance: evidence from the field (2001)The value of tax shields is NOT equal to the present value of tax shields (2004)The value of tax shields IS equal to the present value of tax shields☆ (2006)Determinants of corporate borrowing (1977)Measuring investment distortions arising from stockholder–bondholder conflicts (1999)Valuation Approaches and Metrics: A Survey of the Theory and Evidence (2007)Agency Costs, Net Worth, and Business Fluctuations : A Computable General Equilibrium Analysis (1996)The theory of financial intermediation (1997)How Big are the Tax Benefits of Debt? (1998)
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References

  • 1963CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION5,951 cited
  • 1994Corporate Debt Value, Bond Covenants, and Optimal Capital Structure2,732 cited
  • 1973A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE2,598 cited
  • 1997How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed1,255 cited
  • 1977BANKRUPTCY COSTS: SOME EVIDENCE1,096 cited
  • 1977Bankruptcy Costs: Some Evidence879 cited
  • 1974INTERACTIONS OF CORPORATE FINANCING AND INVESTMENT DECISIONS—IMPLICATIONS FOR CAPITAL BUDGETING755 cited
  • 1980The Weighted Average Cost of Capital, Perfect Capital Markets, and Project Life: A Clarification519 cited
  • 1982The Administrative Costs of Corporate Bankruptcy: A Note415 cited
  • 2002Capital Cash Flows: A Simple Approach to Valuing Risky Cash Flows299 cited
  • 2007Can corporate governance save distressed firms from bankruptcy? An empirical analysis215 cited
  • 1997TWO DCF APPROACHES FOR VALUING COMPANIES UNDER ALTERNATIVE FINANCING STRATEGIES (AND HOW TO CHOOSE BETWEEN THEM)137 cited
  • 2008Tax‐Adjusted Discount Rates with Investor Taxes and Risky Debt51 cited
  • 2002FINDING VALUE WHERE NONE EXISTS: PITFALLS IN USING ADJUSTED PRESENT VALUE44 cited

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2007
Valuing the Debt Tax Shield
40 cited
  • 2012Firm-Specific Factors as Determinants of Capital Structure: Evidence From Indonesia38 cited
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    • 2022The Weighted Average Cost of Capital and Its Universality in Crisis Times: Evidence from the Energy Sector26 cited
    • 2014Analysing corporate insolvency in the Gulf Cooperation Council using logistic regression and multidimensional scaling16 cited