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The Puzzle of Financial Leverage Clienteles


  • Sarig, Oded
  • Scott, James


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Suggested Citation

  • Sarig, Oded & Scott, James, 1985. " The Puzzle of Financial Leverage Clienteles," Journal of Finance, American Finance Association, vol. 40(5), pages 1459-1467, December.
  • Handle: RePEc:bla:jfinan:v:40:y:1985:i:5:p:1459-67

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    References listed on IDEAS

    1. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    2. Ramakrishnan, Ram T. S. & Thakor, Anjan V., 1982. "Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 17(04), pages 503-532, November.
    3. James A. Mirrlees, 1976. "The Optimal Structure of Incentives and Authority Within an Organization," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 105-131, Spring.
    4. Diamond, Douglas W & Verrecchia, Robert E, 1982. " Optimal Managerial Contracts and Equilibrium Security Prices," Journal of Finance, American Finance Association, vol. 37(2), pages 275-287, May.
    5. Bengt Holmstrom, 1979. "Moral Hazard and Observability," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
    6. Gur Huberman & Zhenyu Wang, 2005. "Arbitrage pricing theory," Staff Reports 216, Federal Reserve Bank of New York.
    7. Harris, Milton & Raviv, Artur, 1979. "Optimal incentive contracts with imperfect information," Journal of Economic Theory, Elsevier, vol. 20(2), pages 231-259, April.
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    Cited by:

    1. Graflund, Andreas, 2000. "Dynamic Capital Structure: the Case of Hufvudstaden," Working Papers 2000:20, Lund University, Department of Economics.
    2. Jones, C., 1999. "Miller's Equilibrium and Uncertainty," ANU Working Papers in Economics and Econometrics 1999-373, Australian National University, College of Business and Economics, School of Economics.

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