Tobin's Q, investment, and endogenous adjustment of financial structure

William P. Osterberg

No 8801, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An analysis of a q model of investment in which financial structure affects firm value, using a perfect foresight model of general equilibrium that includes a debt-related agency cost; uses the comparative statics and dynamics of changing the corporate tax rate as an illustration.

Keywords: Corporations - Finance; Capital (search for similar items in EconPapers)
Date: 1988
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