Capital Structure in the Modern World

• Κύριος συγγραφέας: Miglo, Anton (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2016.
• Θέματα: Finance.; Corporate governance.; Business enterprises > Finance.; International business enterprises.; Corporations > Finance.; Accounting.; Corporate Finance.; Financial Accounting.; Business Finance.; International Business.; Corporate Governance.

 This book focuses on microeconomic foundations of capital structure theory. It combines theoretical results with a large number of examples, exercises and applications. The book examines fundamental ideas in capital structure management, some of which are still not very well understood in the business community, such as Modigliani and Miller’s irrelevance result, trade-off theory, pecking-order theory, asset substitution, credit rationing and debt overhang. Chapters also cover capital structure issues that have become very important following the recent financial crisis. Miglo discusses the ways in which financial economists were forced to look critically at capital structure, as the problems faced by many companies stemmed from their financing policies following the crisis. The book also discusses links between capital structure and firm’s performance, corporate governance, firm’s strategy and flexibility, and covers such topics as life cycle approach to capital structure management, capital structure of small and start-up companies, corporate financing versus project financing and examples of optimal capital structure analyses for different companies. This comprehensive guide to capital structure theory will be of interest to all students, academics and practitioners seeking to understand this fast-developing and critical area of business management. 

 Chapter 1) Introduction -- Section I -- Chapter 2) Modigliani-Miller Proposition and Trade-Off Theory -- Chapter 3) Asymmetric Information and Capital Structure -- Chapter 4) Credit Rationing and Asset Substitution -- Chapter 5) Debt Overhang -- Section II -- Chapter 6) Capital Structure Choice and Firm’s “Quality” -- Chapter 7) Capital Structure and Corporate Governance -- Chapter 8) Capital Structure of Start-Up Firms and Small Firms -- Chapter 9) Corporate Capital Structure vs. Project Financing -- Chapter 10) Capital Structure Analysis: Some Examples.