Capital Market Equilibrium and Corporate Financial Decisions PDF Download

Author: Richard C. Stapleton
Publisher: JAI Press
ISBN:
Category : Capital market
Languages : en
Pages : 194

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Book Description

Author: James L. Bicksler
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 664

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Book Description

Author: David Wright Glenn
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 338

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Book Description

Author: Günter Bamberg
Publisher: Springer Science & Business Media
ISBN: 3642709958
Category : Business & Economics
Languages : en
Pages : 233

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Book Description

Author: Umberto Sagliaschi
Publisher: Springer Nature
ISBN: 3030778533
Category : Business & Economics
Languages : en
Pages : 206

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Book Description
The way in which leverage and its expected dynamics impact on firm valuation is very different from what is assumed by the traditional static capital structure framework. Recent work that allows the firm to restructure its debt over time proves to be able to explain much of the observed cross-sectional and time-series variation in leverage, while static capital structure predictions do not. The purpose of this book is to re-characterize the firm’s valuation process within a dynamical capital structure environment, by drawing on a vast body of recent and more traditional theoretical insights and empirical findings on firm evaluation, also including asset pricing literature, offering a new setting in which practitioners and researchers are provided with new tools to anticipate changes in capital structure and setting prices for firm’s debt and equity accordingly.

Author: Haim Levy
Publisher: Prentice Hall
ISBN:
Category : Business enterprises
Languages : en
Pages : 728

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Book Description

Author: Charles W. Haley
Publisher: McGraw-Hill Companies
ISBN:
Category : Business & Economics
Languages : en
Pages : 534

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Book Description

Author: Merton H. Miller
Publisher: University of Chicago Press
ISBN: 0226527476
Category : Business & Economics
Languages : en
Pages : 467

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Book Description
Widely regarded as one of the founders of modern corporate finance, Merton H. Miller was awarded a Nobel Prize in 1990 for his work in the theory of finance and financial economics. Selected Works of Merton H. Miller gathers together in two volumes a selection of Miller's most influential contributions over more than fifty years of active research. A common theme running throughout both volumes is Miller's conviction about the utility of market-based approaches to topics as diverse as dividend policy, bank regulation, the structure of securities markets, and competition between research universities and teaching colleges. Miller was perhaps best known for a series of highly influential papers he cowrote in the 1950s and 1960s with fellow Nobel laureate Franco Modigliani that advanced a set of capital structure theorems later dubbed the "M and M propositions." In brief, the M and M propositions state that the actions of investors, firms, and capital markets will cause the market value of a firm to be independent of its capital structure. In other words, a corporation's value depends on its investments in people, ideas, and physical capital goods and not on the mix of bonds, stocks, and other securities used to finance the investments. Four of these papers are reprinted here, together with important later work by Miller in macroeconomics, corporate capital structure, management science, asset pricing, and the economic and regulatory problems of the financial services industry. Diverse and innovative, the papers in Selected Works of Merton H. Miller will interest students and practitioners of economics, finance, and business, as well as policymakers responsible for market regulation.

Author: H. Kent Baker
Publisher: John Wiley & Sons
ISBN: 0470569522
Category : Business & Economics
Languages : en
Pages : 516

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Book Description
A comprehensive guide to making better capital structure and corporate financing decisions in today's dynamic business environment Given the dramatic changes that have recently occurred in the economy, the topic of capital structure and corporate financing decisions is critically important. The fact is that firms need to constantly revisit their portfolio of debt, equity, and hybrid securities to finance assets, operations, and future growth. Capital Structure and Corporate Financing Decisions provides an in-depth examination of critical capital structure topics, including discussions of basic capital structure components, key theories and practices, and practical application in an increasingly complex corporate world. Throughout, the book emphasizes how a sound capital structure simultaneously minimizes the firm's cost of capital and maximizes the value to shareholders. Offers a strategic focus that allows you to understand how financing decisions relates to a firm's overall corporate policy Consists of contributed chapters from both academics and experienced professionals, offering a variety of perspectives and a rich interplay of ideas Contains information from survey research describing actual financial practices of firms This valuable resource takes a practical approach to capital structure by discussing why various theories make sense and how firms use them to solve problems and create wealth. In the wake of the recent financial crisis, the insights found here are essential to excelling in today's volatile business environment.

Author: Jan Mossin
Publisher: Englewood Cliffs, N.J. : Prentice-Hall
ISBN:
Category : Corporations
Languages : en
Pages : 200

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Book Description
Monograph on financial market theory and the economics of uncertainty - examines capital market phenomena and offers a theoretical framework for financial policy formulation and corporate investment decision making. References.