Book Club for Value Investors (Discussion) http://www.moderngraham.com/
Can a Firm Have Too Much Debt
The above papers were written during the LBO craze of the late 1980s which, in turn, was driven by the all-time low in asset values of the early 1980s.
Liquidation and Debt Capacity Worth a read!
Free Course with Yale’s Schiller on Financial Markets and Risk: