Date of Award
Master of Science (MS)
Economics and Finance
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.
Li, Zongbin, "Firm Leverage and Performance" (2019). All Graduate Plan B and other Reports. 1375.
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