A Century of Capital Structure: The Leveraging of Corporate America
Published Date
Copyright 2015
DOI 10.1016/j.jfineco.2014.08.005
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Copy CitationJohn R. Graham, Mark T. Leary, and Michael R. Roberts, New Perspectives on Corporate Capital Structure (Journal of Financial Economics 118(3), 2013), chap. 6, https://www.nber.org/books-and-chapters/new-perspectives-corporate-capital-structure/century-capital-structure-leveraging-corporate-america.
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Working Paper
Unregulated U.S. corporations dramatically increased their debt usage over the past century. Aggregate leverage - low...
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