To be or not to be all-equity for firms that eliminate long-term debt

Keyphrases

• Long-term Debt 100%
• All-equity 100%
• Agency Costs 66%
• High Cost 33%
• Liquidity 33%
• Number of Firms 33%
• Credit Rating 33%
• Financial Distress 33%
• Trade-off Theory 33%
• Leverage Ratio 33%
• Equity Issue 33%
• Overinvestment 33%
• CEO Turnover 33%
• Debt Level 33%
• Capital Market Access 33%
• Tax Shield 33%
• CEO Change 33%
• Firm Leverage 33%
• Non-debt Tax Shield 33%

Economics, Econometrics and Finance

• Taxation 100%
• Capital Structure 50%
• Finance 50%
• Credit Rating 50%
• Highly Skilled Workers 50%