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Corporate Finance and Capital Structure A Theoretical Introduction.
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Milton :
Taylor & Francis Group,
2020.
|
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover
- Half Title
- Title Page
- Copyright Page
- Contents
- 1 Introduction
- 1.1 What this book is about
- 1.2 Chapter overview
- 2 Capital structure choice in a frictionless world
- 2.1 Overview
- 2.2 Frictionless capital market
- 2.3 Additivity and uniqueness of security valuation
- 2.4 Neutrality of capital structure
- 2.5 Discussion
- 3 Trade-off theory
- 3.1 Criticism against Modigliani and Miller
- 3.2 Tax benefit of debt and bankruptcy costs
- 3.3 Empirical evidence
- 3.4 Discussion
- 4 Agency theory
- 4.1 Overview
- 4.2 Safe debt can mitigate agency problem
- 4.3 Risky debt can aggravate agency problem
- 4.4 Debt overhang and risk shifting
- 4.5 Discussion
- 5 Security design
- 5.1 Overview
- 5.2 Optimal risk-sharing with moral hazard
- 5.3 Financial contract under limited liability
- 5.4 Financial contract under costly state verification
- 5.5 Optimal allocation of control rights
- 5.6 Discussion
- 6 Asymmetric information
- 6.1 Overview
- 6.2 Underpricing in an initial public offering
- 6.3 Signaling through retained ownership
- 6.4 Signaling through debt
- 6.5 Pecking-order versus trade-off theory
- 6.6 Discussion
- 7 Continuous-time model
- 7.1 Overview
- 7.2 Derivative valuation model
- 7.3 Capital structure irrelevance revisited
- 7.4 Derivative valuation under a stationary case
- 7.5 Trade-off theory revisited
- 7.6 Discussion
- 8 Capital structure of a bank
- 8.1 Two roles of a bank
- 8.2 Bank run and deposit insurance
- 8.3 Unintended consequence of deposit insurance
- 8.4 Capital regulation
- 8.5 Ongoing debate on capital regulation
- 8.6 Discussion
- Index