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Details about Hayne Ellis Leland

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 2024-08-08. 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 Downloads View citations (14)

1998

  1. Agency Costs, Risk Management, and Capital Structure
    Research Program in Finance Working Papers, University of California at Berkeley Downloads View citations (542)

1996

  1. Beyond Mean-Variance: Performance Measurement of Portfolios Using Options or Dynamic Strategies
    Research Program in Finance Working Papers, University of California at Berkeley Downloads View citations (1)
  2. Optimal Asset Rebalancing in the Presence of Transactions Costs
    Research Program in Finance Working Papers, University of California at Berkeley Downloads View citations (6)
    Also in Finance, University Library of Munich, Germany (1996) Downloads View citations (5)
  3. Options and Expectations
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1)

1995

  1. 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 (24)
    See also Journal Article Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads, Journal of Finance, American Finance Association (1996) Downloads View citations (743) (1996)
  2. Optimal Cash Management for Investment Funds
    Research Program in Finance Working Papers, University of California at Berkeley View citations (3)

1994

  1. Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk
    Research Program in Finance Working Papers, University of California at Berkeley View citations (49)
    See also Journal Article Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk, Finance, Presses universitaires de Grenoble (2019) Downloads View citations (2) (2019)
  2. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1087)
    See also Journal Article Corporate Debt Value, Bond Covenants, and Optimal Capital Structure, Journal of Finance, American Finance Association (1994) Downloads View citations (1027) (1994)

1993

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

1991

  1. Equilibrium Asset Price Processes
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1)
    See also Journal Article On Equilibrium Asset Price Processes, The Review of Financial Studies, Society for Financial Studies (1993) Downloads View citations (76) (1993)
  2. Low Margins, Derivative Securities, and Volatility
    Research Program in Finance Working Papers, University of California at Berkeley View citations (3)

1990

  1. Insider Trading: Should It Be Prohibited?
    Research Program in Finance Working Papers, University of California at Berkeley View citations (2)
    See also Journal Article Insider Trading: Should It Be Prohibited?, Journal of Political Economy, University of Chicago Press (1992) Downloads View citations (248) (1992)

1989

  1. LBOs and Taxes: No One to Blame But Ourselves?
    Research Program in Finance Working Papers, University of California at Berkeley View citations (3)
  2. Market Liquidity, Hedging and Crashes
    Research Program in Finance Working Papers, University of California at Berkeley View citations (3)
    Also in Research Program in Finance Working Papers, University of California at Berkeley (1989) View citations (3)

    See also Journal Article Market Liquidity, Hedging, and Crashes, American Economic Review, American Economic Association (1990) Downloads View citations (310) (1990)

1984

  1. Option Pricing and Replication with Transactions Costs
    Research Program in Finance Working Papers, University of California at Berkeley
    See also Journal Article Option Pricing and Replication with Transactions Costs, Journal of Finance, American Finance Association (1985) Downloads View citations (284) (1985)

1983

  1. Prices and Qualities in Markets With Imperfect Information: A Search Model
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads View citations (1)

1982

  1. Risk Adjusted Discounting
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1)

1979

  1. Minimum Quality Standards and Licensing in Markets with Asymmetric Information
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1)
  2. On the Use of Risk-Adjusted Discount Rates
    Research Program in Finance Working Papers, University of California at Berkeley
  3. Who Should Buy Portfolio Insurance?
    Research Program in Finance Working Papers, University of California at Berkeley View citations (2)
    See also Journal Article Who Should Buy Portfolio Insurance?, Journal of Finance, American Finance Association (1980) Downloads View citations (141) (1980)

1976

  1. Direct Evaluation and Corporate Financial Theory
    Research Program in Finance Working Papers, University of California at Berkeley
  2. Information, Managerial Choice, and Stockholder Unanimity
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1)
    See also Journal Article Information, Managerial Choice and Stockholder Unanimity, The Review of Economic Studies, Review of Economic Studies Ltd (1978) Downloads View citations (2) (1978)
  3. Informational Asymmetries, Financial Structure, and Financial Intermediation
    Research Program in Finance Working Papers, University of California at Berkeley Downloads View citations (26)
    See also Journal Article Informational Asymmetries, Financial Structure, and Financial Intermediation, Journal of Finance, American Finance Association (1977) Downloads View citations (1588) (1977)

1975

  1. Corporate Decision Making in Incomplete Markets
    Research Program in Finance Working Papers, University of California at Berkeley
  2. 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 Optimal Risk Sharing and the Leasing of Natural Resources, with Application to Oil and Gas Leasing on the OCS, The Quarterly Journal of Economics, President and Fellows of Harvard College (1978) Downloads View citations (30) (1978)

1974

  1. Quality Choice and Competition
    Research Program in Finance Working Papers, University of California at Berkeley
    See also Journal Article Quality Choice and Competition, American Economic Review, American Economic Association (1977) Downloads View citations (12) (1977)

1973

  1. Production Theory and the Stock Market
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads
    See also Journal Article Production Theory and the Stock Market, Bell Journal of Economics, The RAND Corporation (1974) Downloads View citations (29) (1974)
  2. Regulation of Natural Monopolies and the Fair Rate of Return
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads
    See also Journal Article Regulation of Natural Monopolies and the Fair Rate of Return, Bell Journal of Economics, The RAND Corporation (1974) Downloads View citations (18) (1974)

Journal Articles

2019

  1. Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk
    Finance, 2019, 40, (3), 45-75 Downloads View citations (2)
    See also Working Paper Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk, Research Program in Finance Working Papers (1994) View citations (49) (1994)
  2. Debt Maturity and the Leverage Ratcheting Effect
    Finance, 2019, 40, (3), 13-44 Downloads View citations (3)

2014

  1. Options, option repricing in managerial compensation: Their effects on corporate investment risk
    Journal of Corporate Finance, 2014, 29, (C), 628-643 Downloads View citations (9)

2007

  1. Can the Trade-off Theory Explain Debt Structure?
    The Review of Financial Studies, 2007, 20, (5), 1389-1428 Downloads View citations (100)
  2. Comments on "Hedging errors with Leland's option model in the presence of transactions costs"
    Finance Research Letters, 2007, 4, (3), 200-202 Downloads View citations (5)
  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 Downloads View citations (94)

2001

  1. An EBIT-Based Model of Dynamic Capital Structure
    The Journal of Business, 2001, 74, (4), 483-512 Downloads View citations (366)

2000

  1. On dynamic investment strategies
    Journal of Economic Dynamics and Control, 2000, 24, (11-12), 1859-1880 Downloads View citations (22)

1999

  1. Beyond Mean–Variance: Performance Measurement in a Nonsymmetrical World (corrected)
    Financial Analysts Journal, 1999, 55, (1), 27-36 Downloads

1996

  1. Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads
    Journal of Finance, 1996, 51, (3), 987-1019 Downloads View citations (743)
    See also Working Paper Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads, Research Program in Finance Working Papers (1995) View citations (24) (1995)

1994

  1. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
    Journal of Finance, 1994, 49, (4), 1213-52 Downloads View citations (1027)
    See also Working Paper Corporate Debt Value, Bond Covenants, and Optimal Capital Structure, Research Program in Finance Working Papers (1994) View citations (1087) (1994)

1993

  1. On Equilibrium Asset Price Processes
    The Review of Financial Studies, 1993, 6, (3), 593-617 Downloads View citations (76)
    See also Working Paper Equilibrium Asset Price Processes, Research Program in Finance Working Papers (1991) View citations (1) (1991)

1992

  1. Insider Trading: Should It Be Prohibited?
    Journal of Political Economy, 1992, 100, (4), 859-87 Downloads View citations (248)
    See also Working Paper Insider Trading: Should It Be Prohibited?, Research Program in Finance Working Papers (1990) View citations (2) (1990)

1990

  1. Market Liquidity, Hedging, and Crashes
    American Economic Review, 1990, 80, (5), 999-1021 Downloads View citations (310)
    See also Working Paper Market Liquidity, Hedging and Crashes, Research Program in Finance Working Papers (1989) View citations (3) (1989)

1988

  1. Comments on the Market Crash: Six Months After
    Journal of Economic Perspectives, 1988, 2, (3), 45-50 Downloads View citations (20)

1985

  1. Option Pricing and Replication with Transactions Costs
    Journal of Finance, 1985, 40, (5), 1283-1301 Downloads View citations (284)
    See also Working Paper Option Pricing and Replication with Transactions Costs, Research Program in Finance Working Papers (1984) (1984)

1984

  1. Migration and Asymmetric Information: Reply
    American Economic Review, 1984, 74, (3), 535 View citations (3)
  2. Optimal Nonuniform Prices
    The Review of Economic Studies, 1984, 51, (2), 305-319 Downloads View citations (44)

1982

  1. An Economic Model of the Brain Drain
    American Economic Review, 1982, 72, (1), 91-100 Downloads View citations (78)
  2. Prices and Qualities in Markets with Costly Information
    The Review of Economic Studies, 1982, 49, (4), 499-516 Downloads View citations (56)

1981

  1. The Informational Role of Warranties and Private Disclosure about Product Quality: Comment
    Journal of Law and Economics, 1981, 24, (3), 485-89 Downloads View citations (9)

1980

  1. The Effectiveness of Price Regulation
    The Review of Economics and Statistics, 1980, 62, (4), 555-66 Downloads View citations (12)
  2. Who Should Buy Portfolio Insurance?
    Journal of Finance, 1980, 35, (2), 581-94 Downloads View citations (141)
    See also Working Paper Who Should Buy Portfolio Insurance?, Research Program in Finance Working Papers (1979) View citations (2) (1979)

1979

  1. Quacks, Lemons, and Licensing: A Theory of Minimum Quality Standards
    Journal of Political Economy, 1979, 87, (6), 1328-46 Downloads View citations (307)

1978

  1. Information, Managerial Choice and Stockholder Unanimity
    The Review of Economic Studies, 1978, 45, (3), 527-534 Downloads View citations (2)
    See also Working Paper Information, Managerial Choice, and Stockholder Unanimity, Research Program in Finance Working Papers (1976) View citations (1) (1976)
  2. 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), 413-437 Downloads View citations (30)
    See also Working Paper 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 (1975) (1975)

1977

  1. Abstract: Direct Evaluation and Corporate Financial Theory
    Journal of Financial and Quantitative Analysis, 1977, 12, (4), 663-663 Downloads
  2. Informational Asymmetries, Financial Structure, and Financial Intermediation
    Journal of Finance, 1977, 32, (2), 371-87 Downloads View citations (1588)
    See also Working Paper Informational Asymmetries, Financial Structure, and Financial Intermediation, Research Program in Finance Working Papers (1976) Downloads View citations (26) (1976)
  3. Quality Choice and Competition
    American Economic Review, 1977, 67, (2), 127-37 Downloads View citations (12)
    See also Working Paper Quality Choice and Competition, Research Program in Finance Working Papers (1974) (1974)

1976

  1. Capturing Economic Rent From Ghanaian Timber
    Food Research Institute Studies, 1976, 15, (01), 28 Downloads View citations (2)
  2. Monopoly Pricing Structures with Imperfect Discrimination
    Bell Journal of Economics, 1976, 7, (2), 449-462 Downloads View citations (26)

1975

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

1974

  1. Optimal Growth in a Stochastic Environment
    The Review of Economic Studies, 1974, 41, (1), 75-86 Downloads View citations (9)
  2. Production Theory and the Stock Market
    Bell Journal of Economics, 1974, 5, (1), 125-144 Downloads View citations (29)
    See also Working Paper Production Theory and the Stock Market, Cowles Foundation Discussion Papers (1973) Downloads (1973)
  3. Regulation of Natural Monopolies and the Fair Rate of Return
    Bell Journal of Economics, 1974, 5, (1), 3-15 Downloads View citations (18)
    See also Working Paper Regulation of Natural Monopolies and the Fair Rate of Return, Cowles Foundation Discussion Papers (1973) Downloads (1973)

1972

  1. On the existence of optimal policies under uncertainty
    Journal of Economic Theory, 1972, 4, (1), 35-44 Downloads View citations (4)
  2. The Dynamics of a Revenue Maximizing Firm
    International Economic Review, 1972, 13, (2), 376-85 Downloads View citations (5)
  3. Theory of the Firm Facing Uncertain Demand
    American Economic Review, 1972, 62, (3), 278-91 Downloads View citations (170)

1971

  1. Optimal Forward Exchange Positions
    Journal of Political Economy, 1971, 79, (2), 257-69 Downloads View citations (1)

1968

  1. Saving and Uncertainty: The Precautionary Demand for Saving
    The Quarterly Journal of Economics, 1968, 82, (3), 465-473 Downloads View citations (738)
 
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