Keywords: Arbitrage model
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Journal Articles
Management Decision (2014) 52 (7): 1236–1244.
Published: 12 August 2014
... Arbitrage model where Bj denotes j firm's idle capital value and t is corporate tax rate. The characteristic of this paper is not an empirical study but a no-arbitrage proof model deduction. We consider different funding sources as key factor drawn in our...

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