{"product_id":"capital-structure-and-corporate-financing-decisions-isbn-9780470569528","title":"Capital Structure and Corporate Financing Decisions","description":"\u003cb\u003eA comprehensive guide to making better capital structure and corporate financing decisions in today's dynamic business environment\u003c\/b\u003e  \u003cp\u003eGiven 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.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eCapital Structure and Corporate Financing Decisions\u003c\/i\u003e 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers a strategic focus that allows you to understand how financing decisions relates to a firm's overall corporate policy\u003c\/li\u003e \u003cli\u003eConsists of contributed chapters from both academics and experienced professionals, offering a variety of perspectives and a rich interplay of ideas\u003c\/li\u003e \u003cli\u003eContains information from survey research describing actual financial practices of firms\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis 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.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003e1 Capital Structure: An Overview 1\u003cbr\u003e \u003ci\u003eH. Kent Baker and Gerald S. Martin\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I The Elements of Capital Structure 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2 Factors Affecting Capital Structure Decisions 17\u003cbr\u003e \u003ci\u003eWolfgang Bessler, Wolfgang Drobetz, and Robin Kazemieh\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 Capital Structure and Corporate Strategy 41\u003cbr\u003e \u003ci\u003eMaurizio La Rocca\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e4 Capital Structure and Firm Risk 59\u003cbr\u003e \u003ci\u003eValentin Dimitrov\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e5 Capital Structure and Returns 75\u003cbr\u003e \u003ci\u003eYaz Gulnur Muradoglu and Sheeja Sivaprasad\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Capital Structure and Compensation 93\u003cbr\u003e \u003ci\u003eAlan Victor Scott Douglas\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e7 Worldwide Patterns in Capital Structure 111\u003cbr\u003e \u003ci\u003eCarmen Cotei and Joseph Farhat\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Capital Structure Choice 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 Capital Structure Theories and Empirical Tests: An Overview 129\u003cbr\u003e \u003ci\u003eStein Frydenberg\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 Capital Structure Irrelevance: TheModigliani-Miller Model 151\u003cbr\u003e \u003ci\u003eSergei V. Cheremushkin\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e10 Trade-Off, Pecking Order, Signaling, and Market Timing Models 171\u003cbr\u003e \u003ci\u003eAnton Miglo\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 Estimating Capital Costs: Practical Implementation of Theory’s Insights 191\u003cbr\u003e \u003ci\u003eRobert M. Conroy and Robert S. Harris\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e12 Economic, Regulatory, and Industry Effects on Capital Structure 211\u003cbr\u003e \u003ci\u003eParoma Sanyal\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Survey Evidence on Financing Decisions and Cost of Capital 229\u003cbr\u003e \u003ci\u003eFranck Bancel and Usha R. Mittoo\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 Survey Evidence on Capital Structure: Non-U.S. Evidence 249\u003cbr\u003e \u003ci\u003eAbe de Jong and Patrick Verwijmeren\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Raising Capital 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15 The Roles of Financial Intermediaries in Raising Capital 263\u003cbr\u003e \u003ci\u003eNeal Galpin and Heungju Park\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e16 Bank Relationships and Collateralization 281\u003cbr\u003e \u003ci\u003eAron A. Gottesman and Gordon S. Roberts\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 Rating Agencies and Credit Insurance 299\u003cbr\u003e \u003ci\u003eJohn Patrick Hunt\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e18 Secured Financing 319\u003cbr\u003e \u003ci\u003eHugh Marble III\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e19 Sale and Leasebacks 335\u003cbr\u003e \u003ci\u003eKyle S. Wells\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Special Topics 351\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20 Financial Distress and Bankruptcy 353\u003cbr\u003e \u003ci\u003eKimberly J. Cornaggia\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e21 Fiduciary Responsibility and Financial Distress 371\u003cbr\u003e \u003ci\u003eRemus D. Valsan and Moin A. Yahya\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e22 The Lease versus Buy Decision 387\u003cbr\u003e \u003ci\u003eSris Chatterjee and An Yan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e23 Private Investment in Public Equity 401\u003cbr\u003e \u003ci\u003eWilliam K. Sjostrom Jr.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e24 Financing CorporateMergers and Acquisitions 419\u003cbr\u003e \u003ci\u003eWolfgang Bessler, Wolfgang Drobetz, and Jan Zimmermann\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAnswers to Chapter Discussion Questions 445\u003c\/p\u003e \u003cp\u003eIndex 475\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eH. KENT BAKER, P\u003csmall\u003eH\u003c\/small\u003eD, CFA, CMA,\u003c\/b\u003e is University Professor of Finance and Kogod Research Professor at the Kogod School of Business at American University, Washington, D.C. He has published extensively in leading academic and professional finance journals including the \u003ci\u003eJournal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal,\u003c\/i\u003e and\u003ci\u003e Journal of Portfolio Management.\u003c\/i\u003e Recognized as one of the most prolific authors in finance during the past fifty years, Professor Baker has consulting and training experience with more than 100 organizations and has been listed in fifteen biographies. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eGERALD S. MARTIN, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e is an Associate Professor of Finance at the Kogod School of Business at American University, Washington, D.C. He has published in top scholarly journals, including the \u003ci\u003eJournal of Financial Economics\u003c\/i\u003e and \u003ci\u003eJournal of Financial and Quantitative Analysis\u003c\/i\u003e. Before embarking on his academic career, Professor Martin spent seventeen years in the private sector as president and CEO of TMI Aircraft Finance\/TMI Leasing, LLC, financing aircraft and aviation products worldwide for Textron Financial Corporation, as well as in marketing and research at Bell Helicopter Textron Inc.   \u003c\/p\u003e\u003cp\u003eGiven 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.\u003c\/p\u003e \u003cp\u003eThat 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.\u003c\/p\u003e \u003cp\u003eWith 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:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eExamines the factors influencing capital structure decisions as well as the interactions among capital structure, strategy, firm risk, returns, and compensation\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eHighlights the key issues involved in capital structure choice\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eExplores the various aspects of raising capital, including bank relationships and collateralization, rating agencies and credit insurances, secured finance, and sale and leasebacks\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eDiscusses special topics involving financial distress, the lease-versus-buy decision, private investment in public equity, and financing mergers and acquisitions\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile 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.\u003c\/p\u003e  \u003cp\u003eGiven 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. \u003c\/p\u003e\u003cp\u003eThat is why \u003ci\u003eCapital Structure and Corporate Financing Decisions,\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eWith 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: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eExamines the factors influencing capital structure decisions as well as the interactions among capital structure, strategy, firm risk, returns, and compensation\u003c\/li\u003e \u003cli\u003eHighlights the key issues involved in capital structure choice\u003c\/li\u003e \u003cli\u003eExplores the various aspects of raising capital, including bank relationships and collateralization, rating agencies and credit insurances, secured finance, and sale and leasebacks\u003c\/li\u003e \u003cli\u003eDiscusses special topics involving financial distress, the lease-versus-buy decision, private investment in public equity, and financing mergers and acquisitions\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988883685605,"sku":"NP9780470569528","price":105.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470569528.jpg?v=1761781909","url":"https:\/\/k12savings.com\/products\/capital-structure-and-corporate-financing-decisions-isbn-9780470569528","provider":"K12savings","version":"1.0","type":"link"}