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The Eocene and Oligocene strata in the Badlands of South Dakota are
Tax Shield
The reduction in income taxes that results from taking an allowable deduction from taxable income.
Bankruptcy Costs
Expenses and financial losses associated with undergoing bankruptcy, including legal fees, asset liquidation costs, and potential loss of business.
Optimal Capital Structure
The best mix of debt, equity, and other financial instruments that maximizes a company's market value while minimizing its cost of capital.
Modigliani And Miller Model
A financial theory proposing that the market value of a company is determined by its earning power and the risk of its underlying assets, and is independent of its capital structure.
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