In defense of debt

02/6/2009 | Knowledge@Wharton

The financial crisis has turned debt into a four-letter word, but researchers who studied data from thousands of firms over a 14-year period found that most companies made wise use of debt, balancing its tax benefits against its potential harm. Their paper may help the corporate executive who has to make the case for borrowing to debt-leery shareholders or analysts.

View Full Article in:

Knowledge@Wharton

Published in Brief: