Zobrazeno 1 - 7
of 7
pro vyhledávání: '"Arthur L. Houston"'
Publikováno v:
Journal of the American Taxation Association. 24:29-45
This study provides descriptive evidence on the link between a firm's expected marginal tax rate and its use of preferred stock as an alternative to financing with long-term debt. Regressions are estimated on a sample of industrial firms that issued
Publikováno v:
Real Estate Economics. 21:1-25
This paper integrates two fundamentally important parameters into a theory of optimal mortgage design: the proportion of inflation risk borne by the lender / investor and the borrower and the amortization-graduation schedule for loan repayments. Equa
Autor:
Arthur L. Houston, Carol Olson Houston
Publikováno v:
Journal of Applied Business Research (JABR). 7:1
Following major structural changes in the preferred stock market, a survey was undertaken to determine whether reasons for issuing preferred stock had changed and for what purposes it is now issued. Differences in uses between traditional and new pre
Publikováno v:
Journal of Applied Business Research (JABR). 12:59
This paper explores the potential benefits of allowing greater use of money-market preferred stock (MMPS) in the capital structure of banking organizations. We find that banking organizations offering MMPS tend to have lower profitability and higher
Autor:
Arthur L. Houston, Carol Olson Houston
Publikováno v:
Financial Management. 19:42
N Significant changes occurred in the market for preferred stock during the 1980s. The most apparent change was the number of new types of preferred stock. These innovations, including various types of adjustable rate and auction rate preferred stock
Publikováno v:
Real Estate Economics. 17:55-69
This paper presents a theoretical model of residential mortgage default when borrowers face beneficial as well as costly relocation opportunities. It amplifies and extends previous work by providing explicit conditions leading to default. The model a
Autor:
Arthur L. Houston
Publikováno v:
Real Estate Economics. 16:34-49
The purpose of this paper is to increase the understanding of the risk of the indexed mortgage, commonly referred to as the price level adjusted mortgage (PLAM). This is accomplished by comparing, analytically, the reinvestment risk of the PLAM and t