References: Value-neutral tradeoffs between failure risk and growth

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References

Gordon , MJ . 1962 . The Investment, Financing, and Valuation of the Corporation , Homewood, IL : Irwin .
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Shaffer , S . 2006 . Corporate failure and equity valuation . Financial Analysts Journal , 62 : 71 – 80 .
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Shaffer , S . 2007 . Equity duration and convexity when firms can fail or stagnate . Finance Research Letters , 4 : 233 – 241 .
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