Capital structure and corporate financing decisions:theory, evidence, and practice

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Bibliographic Details
Group Author: (Harold Kent), 1944-; Martin Gerald S.; Baker H. Kent
Published: Wiley,
Publisher Address: Hoboken, N.J.
Publication Dates: c2011.
Literature type: Book
Language: English
Series: The Robert W. Kolb series in finance
Subjects:
Carrier Form: ix, 492 p.: ill. ; 26 cm.
ISBN: 9780470569528 (cloth)
0470569522 (cloth)
Index Number: F275
CLC: F275
F830.59
Call Number: F275/C244
Contents: Includes bibliographical references and index.
Capital structure : an overview / H. Kent Baker and Gerald S. Martin -- Factors affecting capital structure decisions / Wolfgang Bessler, Wolfgang Drobetz, and Robin Kazemieh -- Capital structure and corporate strategy / Maurizio La Rocca -- Capital structure and firm risk / Valentin Dimitrov -- Capital structure and returns / Yaz Gülnur Muradoğlu and Sheeja Sivaprasad -- Capital structure and compensation / Alan Victor Scott Douglas -- Worldwide patterns in capital structure / Carmen Cotei and Joseph Farhat -- Capital structure theories and empirical tests : an overview / Stein Frydenberg -- Capital structure irrelevance : the Modigliani-Miller model / Sergei V. Cheremushkin -- Trade-off, pecking order, signaling, and market timing models / Anton Miglo -- Estimating capital costs : practical implementation of theory's insights / Robert M. Conroy and Robert S. Harris -- Economic, regulatory, and industry effects on capital structure / Paroma Sanyal -- Survey evidence on financing decisions and cost of capital / Franck Bancel and Usha R. Mittoo -- Survey evidence on capital structure : non-U.S. evidence / Abe de Jong and Patrick Verwijmeren -- The roles of financial intermediaries in raising capital / Neal Galpin and Heungju Park -- Bank relationships and collateralization / Aron A. Gottesman and Gordon S. Roberts -- Rating agencies and credit insurance / John Patrick Hunt -- Secured fianncing / Hugh Marble III -- Sale and leasebacks / Kyle S. Wells -- Financial distress and bankruptcy / Kimberly J. Cornaggia -- Fiduciary responsibility and financial distress / Remus D. Valsan and Moin A. Yahya -- The lease versus buy decision / Sris Chatterjee and An Yan -- Private investment in public equity / William K. Sjostrom Jr. -- Financing corporate mergers and acquisitions / Wolfgang Bessler, Wolfgang Drobetz, and Jan Zimmerman.
Given the dramatic changes that have recently occurred in the economy, including the global financial crisis, the topic of capital structure and corporate financing decisions is critically important. But despite being one of the most highly researched topics in finance, many questions within this area still exist. --
That is why Capital Structure and Corporate Financing Decisions, part of the Robert W. Kolb Series in Finance, has been created. Filled with in-depth insights and practical advice, this book contains detailed discussions of essential capital structure components; key financial theories as well as empirical support for them; and practices involving corporate financial policies, strategies, and choices. Along the way, the book emphasizes how a sound capital structure can simultaneously reduce a firm's cost of capital and increase value to shareholders. --
With chapters from leading academics and researchers from around the world, this reliable resource provides a synthesis of the current state of capital structure and puts a firm's financing decisions in perspective. Divided into four comprehensive parts, it skillfully: --
-Examines the factors influencing capital structure decisions as well as the interactions among capital structure, strategy, firm risk, returns, and compensation --
-Highlights the key issues involved in capital structure choice --
-Explores the various aspects of raising capital, including bank relationships and collateralization, rating agencies and credit insurances, secured finance, and sale and leasebacks --
-Discusses special topics involving financial distress, the lease-versus-buy decision, private investment in public equity, and financing mergers and acquisitions --
While questions still remain on how firms should determine their financing mix, extensive empirical and theoretical evidence is available to help you unravel the capital structure puzzle. This timely guide contains a wealth of information that will allow you to understand the factors that influence capital structure and financing decisions, and put you in a better position to effectively use these insights in real-world situations. --Book Jacket.