Details about Hayne Ellis Leland

E-mail:
Homepage:	http://haas.berkeley.edu/faculty/leland.html
Workplace:	Walter A. Haas School of Business, University of California-Berkeley, (more information at EDIRC)

Access statistics for papers by Hayne Ellis Leland.

Last updated 2008-02-27. Update your information in the RePEc Author Service.

Short-id: ple236

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Working Papers

1999

1. Optimal Portfolio Management with Transactions Costs and Capital Gains Taxes
   Research Program in Finance, Working Paper Series, Research Program in Finance, Institute for Business and Economic Research, UC Berkeley View citations

1998

2. Agency Costs, Risk Management, and Capital Structure
   Research Program in Finance Working Papers, University of California at Berkeley View citations
   See also Journal Article in Journal of Finance (1998)

1996

3. Beyond Mean-Variance: Performance Measurement of Portfolios Using Options or Dynamic Strategies
   Research Program in Finance Working Papers, University of California at Berkeley View citations
4. Optimal Asset Rebalancing in the Presence of Transactions Costs
   Research Program in Finance Working Papers, University of California at Berkeley
   Also in Finance, EconWPA (1996)
5. Options and Expectations
   Research Program in Finance Working Papers, University of California at Berkeley

1995

6. Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads
   Research Program in Finance Working Papers, University of California at Berkeley View citations
   See also Journal Article in Journal of Finance (1996)
7. Optimal Cash Management for Investment Funds
   Research Program in Finance Working Papers, University of California at Berkeley View citations

1994

8. Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk
   Research Program in Finance Working Papers, University of California at Berkeley View citations
9. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
   Research Program in Finance Working Papers, University of California at Berkeley View citations
   See also Journal Article in Journal of Finance (1994)

1993

10. Long-Term Debt Value, Bond Covenants, and Optimal Capital Structure
    Research Program in Finance Working Papers, University of California at Berkeley

1991

11. Equilibrium Asset Price Processes
    Research Program in Finance Working Papers, University of California at Berkeley
12. Low Margins, Derivative Securities, and Volatility
    Research Program in Finance Working Papers, University of California at Berkeley View citations

1990

13. Insider Trading: Should It Be Prohibited?
    Research Program in Finance Working Papers, University of California at Berkeley View citations
    See also Journal Article in Journal of Political Economy (1992)

1989

14. LBOs and Taxes: No One to Blame But Ourselves?
    Research Program in Finance Working Papers, University of California at Berkeley View citations
15. Market Liquidity, Hedging and Crashes
    Research Program in Finance Working Papers, University of California at Berkeley View citations
    Also in Research Program in Finance Working Papers, University of California at Berkeley (1989) View citations
    See also Journal Article in American Economic Review (1990)

1984

16. Option Pricing and Replication with Transactions Costs
    Research Program in Finance Working Papers, University of California at Berkeley
    See also Journal Article in Journal of Finance (1985)

1983

17. Prices and Qualities in Markets With Imperfect Information: A Search Model
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations

1982

18. Risk Adjusted Discounting
    Research Program in Finance Working Papers, University of California at Berkeley

1979

19. Minimum Quality Standards and Licensing in Markets with Asymmetric Information
    Research Program in Finance Working Papers, University of California at Berkeley
20. On the Use of Risk-Adjusted Discount Rates
    Research Program in Finance Working Papers, University of California at Berkeley
21. Who Should Buy Portfolio Insurance?
    Research Program in Finance Working Papers, University of California at Berkeley View citations
    See also Journal Article in Journal of Finance (1980)

1976

22. Direct Evaluation and Corporate Financial Theory
    Research Program in Finance Working Papers, University of California at Berkeley
23. Information, Managerial Choice, and Stockholder Unanimity
    Research Program in Finance Working Papers, University of California at Berkeley View citations
    See also Journal Article in Review of Economic Studies (1978)
24. Informational Asymmetries, Financial Structure, and Financial Intermediation
    Research Program in Finance Working Papers, University of California at Berkeley View citations
    See also Journal Article in Journal of Finance (1977)

1975

25. Corporate Decision Making in Incomplete Markets
    Research Program in Finance Working Papers, University of California at Berkeley
26. Optimal Risk Sharing and the Leasing of Natural Resources, with Application to Oil and Gas Leasing on the OCS
    Research Program in Finance Working Papers, University of California at Berkeley
    See also Journal Article in The Quarterly Journal of Economics (1978)

1974

27. Quality Choice and Competition
    Research Program in Finance Working Papers, University of California at Berkeley
    See also Journal Article in American Economic Review (1977)

1973

28. Production Theory and the Stock Market
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
    See also Journal Article in Bell Journal of Economics (1974)
29. Regulation of Natural Monopolies and the Fair Rate of Return
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
    See also Journal Article in Bell Journal of Economics (1974)

Journal Articles

2007

1. Can the Trade-off Theory Explain Debt Structure?
   Review of Financial Studies, 2007, 20, (5), 1389-1428 View citations
2. Comments on "Hedging errors with Leland's option model in the presence of transactions costs"
   Finance Research Letters, 2007, 4, (3), 200-202
3. Financial Synergies and the Optimal Scope of the Firm: Implications for Mergers, Spinoffs, and Structured Finance
   Journal of Finance, 2007, 62, (2), 765-807 View citations

2001

4. An EBIT-Based Model of Dynamic Capital Structure
   Journal of Business, 2001, 74, (4), 483-512 View citations

2000

5. On dynamic investment strategies
   Journal of Economic Dynamics and Control, 2000, 24, (11-12), 1859-1880 View citations

1998

6. Agency Costs, Risk Management, and Capital Structure
   Journal of Finance, 1998, 53, (4), 1213-1243 View citations
   See also Working Paper (1998)

1996

7. Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads
   Journal of Finance, 1996, 51, (3), 987-1019 View citations
   See also Working Paper (1995)

1994

8. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
   Journal of Finance, 1994, 49, (4), 1213-52 View citations
   See also Working Paper (1994)

1993

9. On Equilibrium Asset Price Processes
   Review of Financial Studies, 1993, 6, (3), 593-617 View citations

1992

10. Insider Trading: Should It Be Prohibited?
    Journal of Political Economy, 1992, 100, (4), 859-87 View citations
    See also Working Paper (1990)

1990

11. Market Liquidity, Hedging, and Crashes
    American Economic Review, 1990, 80, (5), 999-1021 View citations
    See also Working Paper (1989)

1988

12. Comments on the Market Crash: Six Months After
    Journal of Economic Perspectives, 1988, 2, (3), 45-50 View citations

1985

13. Option Pricing and Replication with Transactions Costs
    Journal of Finance, 1985, 40, (5), 1283-1301 View citations
    See also Working Paper (1984)

1984

14. Migration and Asymmetric Information: Reply
    American Economic Review, 1984, 74, (3), 535
15. Optimal Nonuniform Prices
    Review of Economic Studies, 1984, 51, (2), 305-19 View citations

1982

16. An Economic Model of the Brain Drain
    American Economic Review, 1982, 72, (1), 91-100 View citations
17. Prices and Qualities in Markets with Costly Information
    Review of Economic Studies, 1982, 49, (4), 499-516 View citations

1981

18. The Informational Role of Warranties and Private Disclosure about Product Quality: Comment
    Journal of Law & Economics, 1981, 24, (3), 485-89

1980

19. The Effectiveness of Price Regulation
    The Review of Economics and Statistics, 1980, 62, (4), 555-66 View citations
20. Who Should Buy Portfolio Insurance?
    Journal of Finance, 1980, 35, (2), 581-94 View citations
    See also Working Paper (1979)

1979

21. Quacks, Lemons, and Licensing: A Theory of Minimum Quality Standards
    Journal of Political Economy, 1979, 87, (6), 1328-46 View citations

1978

22. Information, Managerial Choice and Stockholder Unanimity
    Review of Economic Studies, 1978, 45, (3), 527-34 View citations
    See also Working Paper (1976)
23. Optimal Risk Sharing and the Leasing of Natural Resources, with Application to Oil and Gas Leasing on the OCS
    The Quarterly Journal of Economics, 1978, 92, (3), 413-37 View citations
    See also Working Paper (1975)

1977

24. Informational Asymmetries, Financial Structure, and Financial Intermediation
    Journal of Finance, 1977, 32, (2), 371-87 View citations
    See also Working Paper (1976)
25. Quality Choice and Competition
    American Economic Review, 1977, 67, (2), 127-37
    See also Working Paper (1974)

1976

26. Monopoly Pricing Structures with Imperfect Discrimination
    Bell Journal of Economics, 1976, 7, (2), 449-462 View citations

1975

27. Theory of the Firm Facing Uncertain Demand: Reply
    American Economic Review, 1975, 65, (1), 248

1974

28. Optimal Growth in a Stochastic Environment
    Review of Economic Studies, 1974, 41, (1), 75-86 View citations
29. Production Theory and the Stock Market
    Bell Journal of Economics, 1974, 5, (1), 125-144 View citations
    See also Working Paper (1973)
30. Regulation of Natural Monopolies and the Fair Rate of Return
    Bell Journal of Economics, 1974, 5, (1), 3-15 View citations
    See also Working Paper (1973)

1972

31. On the existence of optimal policies under uncertainty
    Journal of Economic Theory, 1972, 4, (1), 35-44 View citations
32. The Dynamics of a Revenue Maximizing Firm
    International Economic Review, 1972, 13, (2), 376-85 View citations
33. Theory of the Firm Facing Uncertain Demand
    American Economic Review, 1972, 62, (3), 278-91 View citations

1971

34. Optimal Forward Exchange Positions
    Journal of Political Economy, 1971, 79, (2), 257-69 View citations