Date of Award

5-2019

Degree Type

Report

Degree Name

Master of Science (MS)

Department

Economics and Finance

First Advisor

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.

Included in

Economics Commons

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