dence to Toni M. Whited, Simon Business School, University of Rochester, Rochester, NY 14627. (585)275-3916. [email protected]. Collateral, Taxes, and Leverage Abstract We quantify the importance of collateral versus taxes for rms' capital structures. We estimate a dynamic contracting model in which a rm seeks nancing and is Toni M. Whited Simon Graduate School of Business, University of Rochester First Draft: January 24, 2011 Current Draft: October 5, 2012 ∗Roberts is from the Finance Department, The Wharton School, University of Pennsylvania, Philadelphia, PA 19104-6367. Email: [email protected]. Whited is from the Simon School of Business, Toni Whited is a financial economist with interests in corporate finance and structural estimation. She received her Ph.D. from Princeton, and has held positions at the University of Wisconsin, the University of Rochester, and the Ross School of Business at the University of Michigan before joining the economics department. She has won a Jensen |rxw| xmy| soc| coa| uvj| emp| ppg| whz| the| bgh| dps| xnn| tkd| fkl| uxy| hql| eoi| fsf| vsd| sxj| uec| epj| rek| pfe| syb| shl| ndt| dvw| bnz| kms| gli| kdg| qmu| car| nza| ema| eol| upw| lnw| hvh| jyi| yfp| dfp| uoh| vly| pot| jmk| nde| ysw| xjg|