The Cost of Capital and the Demand for Money by Firms
1973-03
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The Cost of Capital and the Demand for Money by Firms
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1973-03
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Center for Economic Research, Department of Economics, University of Minnesota
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Working Paper
Abstract
The paper presents a simple model which incorporates the
financial measure of cost of capital in the firms' demand for
money. The model is tested using cross-section data of firms.
The empirical results are consistent with the prediction and
show the potential usefulness of the Modigliani-Miller cost
of capital approach to resources allocation by firms.
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Discussion Paper
27
27
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Ben-Zion, U., (1973), "The Cost of Capital and the Demand for Money by Firms", Discussion Paper No. 27, Center for Economic Research, Department of Economics, University of Minnesota.
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Ben-Zion, Uri. (1973). The Cost of Capital and the Demand for Money by Firms. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/54654.
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