Capital Structure and Firm Performance (Paperback)
  • Capital Structure and Firm Performance (Paperback)
zoom

Capital Structure and Firm Performance (Paperback)

(author)
£39.99
Paperback 142 Pages / Published: 15/02/2012
  • We can order this from the publisher

Usually dispatched within 15 working days

  • This item has been added to your basket

Capital structure theory is one of the most dynamic areas of finance and forms the basis for modern thinking on the capital structure of firms. Much controversy has resulted from comparisons of the theory of capital structure originally developed by Franco Modigliani and Merton Miller to real-world situations. Two competing theories have emerged over the years, the optimal capital structure theory and the pecking order theory.

Arvin Ghosh begins with an overview of the controversies regarding capital structure theories, and then statistically tests both the optimal capital structure and pecking order theories. Using the binomial approach he analyzes the determinants of capital structure while discussing the role of market power in determining capital structure decisions. Ghosh probes the questions of new stock offerings and stockholders' returns, and analyzes capital structure and executive compensation. He then looks into debt financing ownership structure, and the controversal relationship between capital structure and firm profitability. Finally, he discusses the latest developments in the field of capital structure.

A concise overview of a major issue in business economics and finance, this volume provides a fuller understanding of capital structure influence on the financial performance of firms, and will certainly stimulate further debate. While hundreds of scholarly articles have been written on the subject this is the first book to test competing theories against measurements of firms' performance and their underlying capital structure.

Publisher: Taylor & Francis Inc
ISBN: 9781412847551
Number of pages: 142
Weight: 204 g
Dimensions: 229 x 152 x 7 mm

You may also be interested in...

How to Build a Billion Dollar App
Added to basket
Getting to Yes
Added to basket
£9.99
Paperback
Time to Think
Added to basket
£12.99
Paperback
No Angel
Added to basket
£12.99
Paperback
How Google Works
Added to basket
£10.99
Paperback
Mastery
Added to basket
£17.99
Paperback
The Snowball
Added to basket
£16.99
Paperback
Business Adventures
Added to basket
£12.99
Paperback
The Personal MBA
Added to basket
£12.99
Paperback
The Code Book
Added to basket
£10.99
Paperback
Losing My Virginity
Added to basket
Zero to One
Added to basket
£10.99
Paperback
How to Deal With Difficult People
Added to basket

Please sign in to write a review

Your review has been submitted successfully.