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REPLY.
- Source :
- Journal of Finance (Wiley-Blackwell); Jun71, Vol. 26 Issue 3, p783-785, 3p
- Publication Year :
- 1971
-
Abstract
- The article presents a response to Cherukuri U. Rao and Robert H. Litzenberger (R&L) from L.V.L.N. Sarma and K.S. Hanumanta Rao (S&R), authors of a September, 1969 "Journal of Finance" article entitled "Leverage and the Value of the Firm." R&L had previously commented that, although conclusions reached in the article were correct, the methodology employed by S&R contained two potential sources of bias. The authors of the current paper defend their work by elaborating further on the procedures employed.
- Subjects :
- CAPITAL market
CAPITAL structure
FINANCIAL leverage
VALUATION of corporations
Subjects
Details
- Language :
- English
- ISSN :
- 00221082
- Volume :
- 26
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Finance (Wiley-Blackwell)
- Publication Type :
- Academic Journal
- Accession number :
- 4656407
- Full Text :
- https://doi.org/10.1111/j.1540-6261.1971.tb01732.x