| Book Edition | 15th Edition |
| Author(s) | Brigham |
| ISBN | 9781337395250 |
| Publisher | Cengage Learning |
| Subject | Finance |
Business risk and financial risk tend to be different from one firm to another.
Firms from different industries will most likely have different business models, hence, the use of debt will differ significantly. The use of different levels of debt will be dependent on the effects of debt financing to the value of the firm.
Variations in the use of financial leverage will be a result of each firm's unique situation and unique business model.
