Critics of private equity have warned that the high leverage often used in PE-backed companies could contribute to …
Uncategorized
The Capital Structure Puzzle: Another Look at the Evidence
Since the formulation of the Miller and Modigliani propositions over 60 years ago, financial economists have been debating …
University of Georgia Roundtable on Enterprise-Wide Risk Management
For many years, MBA students were taught that there was no good reason for companies that hedge large …