Construct · 1 fields · 1 citations

zero leverage: a standalone construct

One name. One construct. A landmark on the map.

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Corporate finance

firms with no debt at all, a persistent pattern that standard capital structure theories struggle to explain.

In corporate finance, zero leverage refers to firms with no debt at all, a persistent pattern that standard capital structure theories struggle to explain. This meaning comes from Strebulaev (2013) in Journal of Financial Economics.[1]

Unit
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Nearby constructs

capital structure4 names · 6 citationsjangle · one leverage choice, rival theories capital2 fields · 3 citationsjingle · one word, two constructs debt3 fields · 3 citationsjingle · one word, three carriers

References

Strebulaev, I. A., & Yang, B. (2013). The mystery of zero-leverage firms. Journal of Financial Economics, 109(1), 1-23. https://doi.org/10.1016/j.jfineco.2013.02.001

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