Produkt
KlappentextThis 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.
Zusammenfassung
Focuses exclusively on capital structure management and financing decisions
Covers both fundamentals and critical issues in capital structure management
Written from a post financial crisis perspective
Covers asymmetric information between investors and issuers
Covers financing of small companies such as entrepreneurial finance, start-up funding, and crowdfunding
Combines theoretical results with a large number of examples, exercises and applications
Focuses exclusively on capital structure management and financing decisions
Covers both fundamentals and critical issues in capital structure management
Written from a post financial crisis perspective
Covers asymmetric information between investors and issuers
Covers financing of small companies such as entrepreneurial finance, start-up funding, and crowdfunding
Combines theoretical results with a large number of examples, exercises and applications
Details
ISBN/GTIN978-3-319-30712-1
ProduktartBuch
EinbandartGebunden
Verlag
Erscheinungsjahr2016
Erscheinungsdatum15.07.2016
Auflage1st ed. 2016
Seiten254 Seiten
SpracheEnglisch
Gewicht471 g
IllustrationenXX, 254 p. 36 illus.
Artikel-Nr.37112595
Rubriken
GenreWirtschaft