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Capital Structure in the Modern World

Authors: Miglo, Anton

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  • 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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eBook $109.00
price for USA (gross)
  • ISBN 978-3-319-30713-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA
  • ISBN 978-3-319-30712-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.99
price for USA
  • ISBN 978-3-319-80873-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

About the authors

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.

Reviews

“The book is aimed to review the main theoretical concepts of capital structure and to cast attention on some still growing areas of research. … the book has the noteworthy merit of keeping a balance between theory and practice of firm’s financing choices, providing a useful overview for the interested reader of the modern state of capital structure theory.” (Anna Maria C. Menichini, Journal of Economics, Vol. 122, 2017)

Table of contents (10 chapters)

Table of contents (10 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-319-30713-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA
  • ISBN 978-3-319-30712-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.99
price for USA
  • ISBN 978-3-319-80873-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Capital Structure in the Modern World
Authors
Copyright
2016
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-30713-8
DOI
10.1007/978-3-319-30713-8
Hardcover ISBN
978-3-319-30712-1
Softcover ISBN
978-3-319-80873-4
Edition Number
1
Number of Pages
XX, 254
Number of Illustrations
36 b/w illustrations
Topics