Hostname: page-component-586b7cd67f-dsjbd Total loading time: 0 Render date: 2024-12-04T20:08:43.009Z Has data issue: false hasContentIssue false
  • English
  • Français

Reply: “The Dynamics of Corporate Debt Management, Decision Rules and Some Empirical Evidence”

Published online by Cambridge University Press:  19 October 2009

John C. G. Boot  and
George M. Frankfurter
Get access Rights & Permissions [Opens in a new window]

Extract

In his comment [4], Pashmi Thakkar raises two questions concerning our study [1] in three points. Points 1 and 3 have to do with discrediting the existence or proper measurement of our dependent variable, while point 2 argues for a technically biased regression structure resulting in biased estimates.

Type
Communications
Information
Journal of Financial and Quantitative Analysis , Volume 9 , Issue 6 , December 1974 , pp. 1067 - 1068
Copyright
Copyright © School of Business Administration, University of Washington 1974

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

[1]Boot, J. C. G., and Frankfurter, G. M.. “The Dynamics of Corporate Debt Management, Decision Pules, and Some Empirical Evidence.” The Journal of Financial and Quantitative Analysis, vol. 7 (September 1972), pp. 1957–1965.Google Scholar
[2]Frankfurter, G. M. “The Dynamics of Corporate Debt Management.” Ph.D. Thesis, State University of New York at Buffalo, 1970.Google Scholar
[3]Miller, M. H., and Modigliani, F.. “Some Estimates of the Cost of Capital to the Elective Utility Industry 1954–57.” The American Economic Review, vol. 56 (June 1966), pp. 333–391.Google Scholar
[4]Thakkar, Rashmi B. “Comment: ‘Dynamics of Corporate Debt Management, Decision Rules, and Some Empirical Evidence,‘” Journal of Financial and Quantitative Analysis, December 1974.Google Scholar