The research reported in this volume represents the second stage of a wide-ranging National Bureau of Economic Research effort to investigate ""The Changing Role of Debt and Equity in Financing U.S. Capital Formation."" The first group of studies sponsored under this project, which have been...

Six leading economists examine the financing of corporate capital formation in the U.S. economy. In clear and nontechnical terms, their papers provide valuable information for economists and nonspecialists interested in such questions as why interest rates are so high, why corporate debt has...