Cash Distributions of Inflationary Gains
作者:
E. PETRI,
H. SHAWKY,
期刊:
Abacus
(WILEY Available online 1983)
卷期:
Volume 19,
issue 1
页码: 56-63
ISSN:0001-3072
年代: 1983
DOI:10.1111/j.1467-6281.1983.tb00239.x
出版商: Blackwell Publishing Ltd
关键词: Inflation accounting;Debt financing
数据来源: WILEY
摘要:
When a firm maintains its debt/equity ratio, changes in expectations of inflation lead to windfall gains through the ‘Fisher Effect’. Contrary to other studies, it is demonstrated here that the gain can be distributed to equity owners without impairing the firm's capacity to retire its d
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