Blar i Fakultet for økonomi (ØK) på tidsskrift "Journal of Money, Credit and Banking"
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Trade-Off Theory for Dual Holders
(Peer reviewed; Journal article, 2024)A dual holder simultaneously owns (private) debt and equity in the same firm. Private debt has a tax advantage, a positive cashflow, which incentivizes its use. This cashflow leads to a lower net cost of debt, which again ...