Date of Award
5-2019
Degree Type
Report
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee Chair(s)
Jason Smith
Committee
Jason Smith
Abstract
This paper examines the relationship between deviations from firm leverage and firm performance over time. Our results indicate that overlevered and underlevered firms both adversely affect corporate profitability. We use the 1987 tax cut as an event study, to reduce endogeneity concerns.
Recommended Citation
Li, Zongbin, "Firm Leverage and Performance" (2019). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 1375.
https://digitalcommons.usu.edu/gradreports/1375
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