Overview
- 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
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Table of contents (10 chapters)
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Front Matter
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Basic Capital Structure Ideas
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Front Matter
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Back Matter
Keywords
About this book
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.
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Authors and Affiliations
About the author
Professor Anton Miglo is Associate Professor of Finance at the School of Business at Nipissing University, Canada. He obtained his Candidate of Science Degree from Saint-Petersburg State University in 1998 and PhD with excellence in economics (concentration in finance) from the University of Quebec in Montreal (Canada) in 2005. During his studies, Professor Miglo was awarded prestigious scholarships from the Canadian Council of Social Science Research and Montreal Institute of Financial Mathematics. Over the course of his career, Professor Miglo has taught numerous finance courses including Theory of Finance, Financial Management, Entrepreneurial Finance, Advanced Topics in Finance, Investments, Finance with Excel and Financing Strategies and Corporate Governance. He is the author of numerous academic publications. Professor Miglo areas of expertise include capital structure and financial contracts.
Bibliographic Information
Book Title: Capital Structure in the Modern World
Authors: Anton Miglo
DOI: https://doi.org/10.1007/978-3-319-30713-8
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-3-319-30712-1Published: 15 July 2016
Softcover ISBN: 978-3-319-80873-4Published: 31 May 2018
eBook ISBN: 978-3-319-30713-8Published: 20 July 2016
Edition Number: 1
Number of Pages: XX, 254
Number of Illustrations: 36 b/w illustrations
Topics: Corporate Finance, Financial Accounting, Business Finance, International Business, Corporate Governance