Debt, Taxes and Leasing A Note
讨论米勒的“债务与税收”论文对租赁估值的影响，指出若米勒均衡成立，租赁仅对暂时不纳税的公司可能优于债务和股权。
This paper discusses the implications of Miller's paper “Debt and Taxes” for the valuation of leases. It shows that if Miller's equilibrium holds, leasing is only likely to dominate debt and equity for companies in temporary nontaxpaying positions.