Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub ![]() |
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Abnormal dependence of cost of equity capital of the company on leverage
Available online: 9 July 2012 Subject Heading: MATHEMATICAL METHODS OF ANALYSIS IN ECONOMY JEL Classification:
Qualitatively new effect in corporate finance is found: reduction of cost of own capital with leverage growth. In the article complete research of effect within Brusov-Filatova-Orekhova theory is carried out. At some ratios between cost of loan and share capital the open effect takes place at the rates of a profit tax existing in the western countries and Russia that provides its practical value. Keywords: tax, cost, structure, capital, leverage, Modigliani-Miller's theory, Brusov-Filatova-Orekhova theory ![]() |
![]() ISSN 2311-8768 (Online)
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