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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 2020-02-05. 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 (9)

1998

  1. Agency Costs, Risk Management, and Capital Structure
    Research Program in Finance Working Papers, University of California at Berkeley Downloads View citations (388)

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 (4)
    Also in Finance, University Library of Munich, Germany (1996) Downloads View citations (4)
  3. Options and Expectations
    Research Program in Finance Working Papers, University of California at Berkeley

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 (22)
    See also Journal Article in Journal of Finance (1996)
  2. Optimal Cash Management for Investment Funds
    Research Program in Finance Working Papers, University of California at Berkeley View citations (1)

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 (29)
    See also Journal Article in Finance (2019)
  2. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
    Research Program in Finance Working Papers, University of California at Berkeley View citations (692)
    See also Journal Article in Journal of Finance (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 in Review of Financial Studies (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 (1)
    See also Journal Article in Journal of Political Economy (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 (4)
  2. Market Liquidity, Hedging and Crashes
    Research Program in Finance Working Papers, University of California at Berkeley View citations (2)
    Also in Research Program in Finance Working Papers, University of California at Berkeley (1989) View citations (2)

    See also Journal Article in American Economic Review (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 in Journal of Finance (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 in Journal of Finance (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 in Review of Economic Studies (1978)
  3. Informational Asymmetries, Financial Structure, and Financial Intermediation
    Research Program in Finance Working Papers, University of California at Berkeley Downloads View citations (23)
    See also Journal Article in Journal of Finance (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 in The Quarterly Journal of Economics (1978)

1974

  1. 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

  1. Production Theory and the Stock Market
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads
    See also Journal Article in Bell Journal of Economics (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 in Bell Journal of Economics (1974)

Journal Articles

2019

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

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 (6)

2007

  1. Can the Trade-off Theory Explain Debt Structure?
    Review of Financial Studies, 2007, 20, (5), 1389-1428 Downloads View citations (65)
  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 (2)
  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 (58)

2001

  1. An EBIT-Based Model of Dynamic Capital Structure
    The Journal of Business, 2001, 74, (4), 483-512 Downloads View citations (297)

2000

  1. On dynamic investment strategies
    Journal of Economic Dynamics and Control, 2000, 24, (11-12), 1859-1880 Downloads View citations (18)

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 (545)
    See also Working Paper (1995)

1994

  1. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
    Journal of Finance, 1994, 49, (4), 1213-52 Downloads View citations (726)
    See also Working Paper (1994)

1993

  1. On Equilibrium Asset Price Processes
    Review of Financial Studies, 1993, 6, (3), 593-617 Downloads View citations (62)
    See also Working Paper (1991)

1992

  1. Insider Trading: Should It Be Prohibited?
    Journal of Political Economy, 1992, 100, (4), 859-87 Downloads View citations (197)
    See also Working Paper (1990)

1990

  1. Market Liquidity, Hedging, and Crashes
    American Economic Review, 1990, 80, (5), 999-1021 Downloads View citations (233)
    See also Working Paper (1989)

1988

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

1985

  1. Option Pricing and Replication with Transactions Costs
    Journal of Finance, 1985, 40, (5), 1283-1301 Downloads View citations (236)
    See also Working Paper (1984)

1984

  1. Migration and Asymmetric Information: Reply
    American Economic Review, 1984, 74, (3), 535 View citations (3)
  2. Optimal Nonuniform Prices
    Review of Economic Studies, 1984, 51, (2), 305-319 Downloads View citations (40)

1982

  1. An Economic Model of the Brain Drain
    American Economic Review, 1982, 72, (1), 91-100 Downloads View citations (70)
  2. Prices and Qualities in Markets with Costly Information
    Review of Economic Studies, 1982, 49, (4), 499-516 Downloads View citations (45)

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 (9)
  2. Who Should Buy Portfolio Insurance?
    Journal of Finance, 1980, 35, (2), 581-94 Downloads View citations (125)
    See also Working Paper (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 (220)

1978

  1. Information, Managerial Choice and Stockholder Unanimity
    Review of Economic Studies, 1978, 45, (3), 527-534 Downloads View citations (2)
    See also Working Paper (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 (24)
    See also Working Paper (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 (1237)
    See also Working Paper (1976)
  3. Quality Choice and Competition
    American Economic Review, 1977, 67, (2), 127-37 Downloads View citations (7)
    See also Working Paper (1974)

1976

  1. Capturing Economic Rent From Ghanaian Timber
    Food Research Institute Studies, 1976, 15, (1), 28 Downloads View citations (2)
  2. Monopoly Pricing Structures with Imperfect Discrimination
    Bell Journal of Economics, 1976, 7, (2), 449-462 Downloads View citations (21)

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
    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 (19)
    See also Working Paper (1973)
  3. Regulation of Natural Monopolies and the Fair Rate of Return
    Bell Journal of Economics, 1974, 5, (1), 3-15 Downloads View citations (12)
    See also Working Paper (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 (142)

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 (307)
 
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