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Inflation and Capital Structure

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Author Info
Jose Noguera (CERGE-EI)

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Abstract

This essay is a contribution to the empirical literature on the effect of inflation tax on capital structure. A simple empirical model considering the main results of the current theoretical development is studied, using microdata from a number of American corporations.

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File URL: http://129.3.20.41/eps/fin/papers/0111/0111001.pdf
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Publisher Info
Paper provided by EconWPA in its series Finance with number 0111001.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 15 pages
Date of creation: 04 Nov 2001
Date of revision:
Handle: RePEc:wpa:wuwpfi:0111001

Note: Type of Document - Acrobat PDF; pages: 15
Contact details of provider:
Web page: http://129.3.20.41

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Related research
Keywords: inflation tax capital structure firm value debt-capital ratio

Other versions of this item:

Find related papers by JEL classification:
G3 - Financial Economics - - Corporate Finance and Governance
G30 - Financial Economics - - Corporate Finance and Governance - - - General
G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure

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References listed on IDEAS
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  1. Hodder, James E & Senbet, Lemma W, 1990. " International Capital Structure Equilibrium," Journal of Finance, American Finance Association, vol. 45(5), pages 1495-1516, December. [Downloadable!] (restricted)
  2. Dokko, Yoon, 1989. "Are Changes in Inflation Expectations Capitalized into Stock Prices? A Micro-firm Test for the Nominal Contracting Hypothesis," The Review of Economics and Statistics, MIT Press, vol. 71(2), pages 309-17, May. [Downloadable!] (restricted)
  3. DeAngelo, Harry & Masulis, Ronald W., 1980. "Optimal capital structure under corporate and personal taxation," Journal of Financial Economics, Elsevier, vol. 8(1), pages 3-29, March. [Downloadable!] (restricted)
  4. Franks, Julian R & Schwartz, Eduardo S, 1991. "The Stochastic Behaviour of Market Variance Implied in the Prices of Index Options," Economic Journal, Royal Economic Society, vol. 101(409), pages 1460-75, November. [Downloadable!] (restricted)
  5. Kelly, William A, Jr & Miles, James A, 1989. "Capital Structure Theory and the Fisher Effect," The Financial Review, Eastern Finance Association, vol. 24(1), pages 53-73, February.
  6. Miller, Merton H, 1977. "Debt and Taxes," Journal of Finance, American Finance Association, vol. 32(2), pages 261-75, May. [Downloadable!] (restricted)
  7. Kim, Moon K & Wu, Chunchi, 1988. "Effects of Inflation on Capital Structure," The Financial Review, Eastern Finance Association, vol. 23(2), pages 183-200, May.
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This page was last updated on 2008-8-8.

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