Capital Structure in the Modern World

  • Anton Miglo

Table of contents

  1. Front Matter
    Pages i-xx
  2. Basic Capital Structure Ideas

    1. Front Matter
      Pages 1-1
    2. Anton Miglo
      Pages 3-19
    3. Anton Miglo
      Pages 69-96
    4. Anton Miglo
      Pages 97-112
  3. Different Topics

    1. Front Matter
      Pages 113-113
    2. Anton Miglo
      Pages 135-161
    3. Anton Miglo
      Pages 211-226
  4. Back Matter
    Pages 227-254

About this book

Introduction

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.

Keywords

Capital Structure Management Life cycle approach Asymmetric information Financial market contagion SME finance Entrepreneurial finance Crowdfunding Modigliani–Miller Theory

Authors and affiliations

  • Anton Miglo
    • 1
  1. 1.Nipissing UniversityCanada

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-30713-8
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-30712-1
  • Online ISBN 978-3-319-30713-8
  • About this book
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