On the firmʹs production, capital structure and demand for debt

Derivation of an equation for the long-term debt ratio (capital structure) of a firm which can be estimated using available data, with the aim to explain differences in the debt behaviour among individual firms. Tobit estimation results, explicitly allowing for the fact that some firms have no long-...

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Veröffentlicht in:	The review of economics and statistics
1. Verfasser:	Nakamura, Alice (VerfasserIn)
Weitere Verfasser:	Nakamura, Masao (BerichterstatterIn), Nakamura, Masahisa (BerichterstatterIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	1982
Schlagworte:	Unternehmen > Öffentliche Schulden > Japan > Wirtschaftsunternehmen
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Beschreibung
Zusammenfassung:	Derivation of an equation for the long-term debt ratio (capital structure) of a firm which can be estimated using available data, with the aim to explain differences in the debt behaviour among individual firms. Tobit estimation results, explicitly allowing for the fact that some firms have no long-term debt, are presented for both US and Japanese firms. (NL-409)
ISSN:	0034-6535