The Marginal Source of Finance

Research, Preprint, Report OPEN
Lindhe, Tobias;
  • Publisher: Uppsala: Uppsala University, Department of Economics
  • Subject: Unternehmensfinanzierung | H32 | G32 | G35 | Fremdkapital | The traditional view of equity; the new view of equity; financing policy; payout policy | Selbstfinanzierung | financing policy | Economics | Steuerwirkung | the new view of equity | The traditional view of equity | Nationalekonomi | payout policy
    • jel: jel:H32 | jel:G32 | jel:G35
      ddc: ddc:330

This paper addresses the ongoingdebate on which view of equity, traditional or new, that best describes firm behavior. According to the traditional view, the marginal source of finance is new equity, whereas under to the new view, marginal financing comes from retained ... View more
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