Details about Hayne Ellis Leland

Access statistics for papers by Hayne Ellis Leland.

Last updated 2024-08-08. Update your information in the RePEc Author Service.

Short-id: ple236

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 (14)

1998

2. Agency Costs, Risk Management, and Capital Structure
   Research Program in Finance Working Papers, University of California at Berkeley View citations (544)

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 (1)
4. Optimal Asset Rebalancing in the Presence of Transactions Costs
   Finance, University Library of Munich, Germany View citations (5)
   Also in Research Program in Finance Working Papers, University of California at Berkeley (1996) View citations (6)
5. Options and Expectations
   Research Program in Finance Working Papers, University of California at Berkeley View citations (1)

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 (24)
   See also Journal Article Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads, Journal of Finance, American Finance Association (1996) View citations (745) (1996)
7. Optimal Cash Management for Investment Funds
   Research Program in Finance Working Papers, University of California at Berkeley View citations (3)

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 (49)
   See also Journal Article Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk, Finance, Presses universitaires de Grenoble (2019) View citations (2) (2019)
9. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
   Research Program in Finance Working Papers, University of California at Berkeley View citations (1090)
   See also Journal Article Corporate Debt Value, Bond Covenants, and Optimal Capital Structure, Journal of Finance, American Finance Association (1994) View citations (1030) (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 View citations (1)
    See also Journal Article On Equilibrium Asset Price Processes, The Review of Financial Studies, Society for Financial Studies (1993) View citations (76) (1993)
12. Low Margins, Derivative Securities, and Volatility
    Research Program in Finance Working Papers, University of California at Berkeley View citations (3)

1990

13. 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) View citations (249) (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 (3)
15. 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) View citations (310) (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 Option Pricing and Replication with Transactions Costs, Journal of Finance, American Finance Association (1985) View citations (285) (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 (1)

1982

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

1979

19. Minimum Quality Standards and Licensing in Markets with Asymmetric Information
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1)
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 (2)
    See also Journal Article Who Should Buy Portfolio Insurance?, Journal of Finance, American Finance Association (1980) View citations (141) (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 (1)
    See also Journal Article Information, Managerial Choice and Stockholder Unanimity, The Review of Economic Studies, Review of Economic Studies Ltd (1978) View citations (2) (1978)
24. Informational Asymmetries, Financial Structure, and Financial Intermediation
    Research Program in Finance Working Papers, University of California at Berkeley View citations (26)
    See also Journal Article Informational Asymmetries, Financial Structure, and Financial Intermediation, Journal of Finance, American Finance Association (1977) View citations (1595) (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 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) View citations (30) (1978)

1974

27. 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) View citations (13) (1977)

1973

28. Production Theory and the Stock Market
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
    See also Journal Article Production Theory and the Stock Market, Bell Journal of Economics, The RAND Corporation (1974) View citations (30) (1974)
29. Regulation of Natural Monopolies and the Fair Rate of Return
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
    See also Journal Article Regulation of Natural Monopolies and the Fair Rate of Return, Bell Journal of Economics, The RAND Corporation (1974) 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 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 View citations (3)

2014

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

2007

4. Can the Trade-off Theory Explain Debt Structure?
   The Review of Financial Studies, 2007, 20, (5), 1389-1428 View citations (100)
5. Comments on "Hedging errors with Leland's option model in the presence of transactions costs"
   Finance Research Letters, 2007, 4, (3), 200-202 View citations (5)
6. 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 (94)

2001

7. An EBIT-Based Model of Dynamic Capital Structure
   The Journal of Business, 2001, 74, (4), 483-512 View citations (369)

2000

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

1999

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

1996

10. Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads
    Journal of Finance, 1996, 51, (3), 987-1019 View citations (745)
    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

11. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
    Journal of Finance, 1994, 49, (4), 1213-52 View citations (1030)
    See also Working Paper Corporate Debt Value, Bond Covenants, and Optimal Capital Structure, Research Program in Finance Working Papers (1994) View citations (1090) (1994)

1993

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

1992

13. Insider Trading: Should It Be Prohibited?
    Journal of Political Economy, 1992, 100, (4), 859-87 View citations (249)
    See also Working Paper Insider Trading: Should It Be Prohibited?, Research Program in Finance Working Papers (1990) View citations (2) (1990)

1990

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

1988

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

1985

16. Option Pricing and Replication with Transactions Costs
    Journal of Finance, 1985, 40, (5), 1283-1301 View citations (285)
    See also Working Paper Option Pricing and Replication with Transactions Costs, Research Program in Finance Working Papers (1984) (1984)

1984

17. Migration and Asymmetric Information: Reply
    American Economic Review, 1984, 74, (3), 535 View citations (3)
18. Optimal Nonuniform Prices
    The Review of Economic Studies, 1984, 51, (2), 305-319 View citations (45)

1982

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

1981

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

1980

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

1979

24. Quacks, Lemons, and Licensing: A Theory of Minimum Quality Standards
    Journal of Political Economy, 1979, 87, (6), 1328-46 View citations (309)

1978

25. Information, Managerial Choice and Stockholder Unanimity
    The Review of Economic Studies, 1978, 45, (3), 527-534 View citations (2)
    See also Working Paper Information, Managerial Choice, and Stockholder Unanimity, Research Program in Finance Working Papers (1976) View citations (1) (1976)
26. 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 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

27. Abstract: Direct Evaluation and Corporate Financial Theory
    Journal of Financial and Quantitative Analysis, 1977, 12, (4), 663-663
28. Informational Asymmetries, Financial Structure, and Financial Intermediation
    Journal of Finance, 1977, 32, (2), 371-87 View citations (1595)
    See also Working Paper Informational Asymmetries, Financial Structure, and Financial Intermediation, Research Program in Finance Working Papers (1976) View citations (26) (1976)
29. Quality Choice and Competition
    American Economic Review, 1977, 67, (2), 127-37 View citations (13)
    See also Working Paper Quality Choice and Competition, Research Program in Finance Working Papers (1974) (1974)

1976

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

1975

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

1974

33. Optimal Growth in a Stochastic Environment
    The Review of Economic Studies, 1974, 41, (1), 75-86 View citations (9)
34. Production Theory and the Stock Market
    Bell Journal of Economics, 1974, 5, (1), 125-144 View citations (30)
    See also Working Paper Production Theory and the Stock Market, Cowles Foundation Discussion Papers (1973) (1973)
35. Regulation of Natural Monopolies and the Fair Rate of Return
    Bell Journal of Economics, 1974, 5, (1), 3-15 View citations (18)
    See also Working Paper Regulation of Natural Monopolies and the Fair Rate of Return, Cowles Foundation Discussion Papers (1973) (1973)

1972

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

1971

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

1968

40. Saving and Uncertainty: The Precautionary Demand for Saving
    The Quarterly Journal of Economics, 1968, 82, (3), 465-473 View citations (740)