Browsing Institutt for samfunnsøkonomi by Author "Persson, Svein Arne"
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Trade-Off Theory for Dual Holders
Lindset, Snorre; Nygård, Guttorm; Persson, Svein Arne (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 ...