Optimal Financial Structure, Cost of Capital, and the Lease‐or‐Buy Decision
Publication
, Journal Article
KELLER, TF; PETERSEN, RJ
Published in: Journal of Business Finance & Accounting
January 1, 1974
This note comments on the doubtful application of an economic concept of personal income to the non‐personal business enterprise situation. This paper presents a series of models which we believe properly reflect the relevant relationships in the lease or buy evaluation. The models present the proper cash flow variables for such an analysis and they present the impact on asset net present value of cost of capital and market risk assessment. Finally, the models reflect the simultaneous effect on asset and financial structure of the acceptance of a particular investment opportunity. Copyright © 1974, Wiley Blackwell. All rights reserved
Duke Scholars
Published In
Journal of Business Finance & Accounting
DOI
EISSN
1468-5957
ISSN
0306-686X
Publication Date
January 1, 1974
Volume
1
Issue
3
Start / End Page
405 / 414
Related Subject Headings
- Finance
- 3502 Banking, finance and investment
- 3501 Accounting, auditing and accountability
- 1502 Banking, Finance and Investment
- 1501 Accounting, Auditing and Accountability
Citation
APA
Chicago
ICMJE
MLA
NLM
KELLER, T. F., & PETERSEN, R. J. (1974). Optimal Financial Structure, Cost of Capital, and the Lease‐or‐Buy Decision. Journal of Business Finance & Accounting, 1(3), 405–414. https://doi.org/10.1111/j.1468-5957.1974.tb00872.x
KELLER, T. F., and R. J. PETERSEN. “Optimal Financial Structure, Cost of Capital, and the Lease‐or‐Buy Decision.” Journal of Business Finance & Accounting 1, no. 3 (January 1, 1974): 405–14. https://doi.org/10.1111/j.1468-5957.1974.tb00872.x.
KELLER TF, PETERSEN RJ. Optimal Financial Structure, Cost of Capital, and the Lease‐or‐Buy Decision. Journal of Business Finance & Accounting. 1974 Jan 1;1(3):405–14.
KELLER, T. F., and R. J. PETERSEN. “Optimal Financial Structure, Cost of Capital, and the Lease‐or‐Buy Decision.” Journal of Business Finance & Accounting, vol. 1, no. 3, Jan. 1974, pp. 405–14. Scopus, doi:10.1111/j.1468-5957.1974.tb00872.x.
KELLER TF, PETERSEN RJ. Optimal Financial Structure, Cost of Capital, and the Lease‐or‐Buy Decision. Journal of Business Finance & Accounting. 1974 Jan 1;1(3):405–414.
Published In
Journal of Business Finance & Accounting
DOI
EISSN
1468-5957
ISSN
0306-686X
Publication Date
January 1, 1974
Volume
1
Issue
3
Start / End Page
405 / 414
Related Subject Headings
- Finance
- 3502 Banking, finance and investment
- 3501 Accounting, auditing and accountability
- 1502 Banking, Finance and Investment
- 1501 Accounting, Auditing and Accountability