Abstract: Direct Evaluation and Corporate Financial Theory
A. Beja and
Hayne Leland
Journal of Financial and Quantitative Analysis, 1977, vol. 12, issue 4, 663-663
Abstract:
This paper develops a comprehensive approach to project selection and financing decisions, when firms' securities are traded in competitive markets and investors prefer “more to less.” The technique is based on direct inferences from observed security prices.
Date: 1977
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