Theoretical Foundations of Corporate Finance /
de Matos, João Amaro
Theoretical Foundations of Corporate Finance / João Amaro de Matos. - 1 online resource
Frontmatter -- Contents -- List of Figures -- Preface -- PART I Foundations -- PART II Agency and Information -- PART III Capital Restructuring -- PART IV Appendices -- Notes -- Bibliography -- Index
restricted access http://purl.org/coar/access_right/c_16ec
Corporate finance is the area of finance that studies the determinants of firms' values, including capital structure, financing, and investment decisions. Although there are several excellent texts in corporate finance, this is the first to focus on the theoretical foundations of the subject in a consistent and integrated way at the Ph.D. level. In addition to a textbook for advanced graduate students, it can also serve as a general reference to researchers and sophisticated practitioners. The material presented is carefully selected with an eye to what is essential to understanding the underlying theory, ensuring that this text will remain useful for years to come. The book is divided into three parts. The first section presents the basic principles of valuation based on the absence of arbitrage, including a discussion of the determinants of the optimal capital structure based on the seminal results of Modigliani and Miller. The second section discusses the implications of agency problems and information asymmetries to capital structure, giving particular attention to payout policy and to debt contract design. The concluding portion presents different ways of restructuring capital, including going public, going private using stock repurchases or leveraged buyouts, and mergers and acquisitions. Each chapter includes exercises that vary in difficulty, with suggested solutions provided in an appendix. This book will assuredly be the standard doctoral- and professional-level explication of corporate finance theory and its appropriate applications.
Mode of access: Internet via World Wide Web.
In English.
9780691188478
10.1515/9780691188478 doi
Corporations--Finance.
BUSINESS & ECONOMICS / Economics / General.
After-Tax Return. Agency Cost Of Debt. Arbitrage. Bidding. Bond (finance). Buyback. Capital asset pricing model. Capital gain. Capital gains tax. Capital loss. Capital market. Capital structure. Cash. Clientele effect. Corporate action. Corporate finance. Corporate governance. Corporate tax. Corporation. Cost of capital. Cost of equity. Credit rating. Credit risk. Creditor. Debt Issue. Debt. Default (finance). Dividend payout ratio. Dividend policy. Dividend. Economic bubble. Economic equilibrium. Economics. Economy. Equity (finance). Equity Market. Equity carve-out. Equity issuance. Equity value. Executive compensation. Financial management. Financial market. Growth stock. High-yield debt. Institutional investor. Investment Valuation. Investment decisions. Investment fund. Investment policy. Investment. Investor. Leverage (finance). Leveraged buyout. Liability (financial accounting). Management buyout. Market Value Of Equity. Market liquidity. Market power. Market value. Money market. Net investment. Net present value. Operating Earnings. Option (finance). Payout. Private equity. Public finance. Rate of return. Real options valuation. Real versus nominal value (economics). Relative value (economics). Repurchase agreement. Return on equity. Risk premium. Share price. Share repurchase. Shareholder rights plan. Shareholder value. Shareholder. Stock market. Supply (economics). Tax Arbitrage. Tax advantage. Tax bracket. Tax credit. Tax deduction. Tax incidence. Tax rate. Tax reform. Tax shield. Tax. The Wealth Effect. Trade-off theory of capital structure. Trader (finance). Traditional Theory Of Capital Structure. Underwriting. Valuation (finance). Venture capital. Wealth effect. Wealth.
338.6/041
Theoretical Foundations of Corporate Finance / João Amaro de Matos. - 1 online resource
Frontmatter -- Contents -- List of Figures -- Preface -- PART I Foundations -- PART II Agency and Information -- PART III Capital Restructuring -- PART IV Appendices -- Notes -- Bibliography -- Index
restricted access http://purl.org/coar/access_right/c_16ec
Corporate finance is the area of finance that studies the determinants of firms' values, including capital structure, financing, and investment decisions. Although there are several excellent texts in corporate finance, this is the first to focus on the theoretical foundations of the subject in a consistent and integrated way at the Ph.D. level. In addition to a textbook for advanced graduate students, it can also serve as a general reference to researchers and sophisticated practitioners. The material presented is carefully selected with an eye to what is essential to understanding the underlying theory, ensuring that this text will remain useful for years to come. The book is divided into three parts. The first section presents the basic principles of valuation based on the absence of arbitrage, including a discussion of the determinants of the optimal capital structure based on the seminal results of Modigliani and Miller. The second section discusses the implications of agency problems and information asymmetries to capital structure, giving particular attention to payout policy and to debt contract design. The concluding portion presents different ways of restructuring capital, including going public, going private using stock repurchases or leveraged buyouts, and mergers and acquisitions. Each chapter includes exercises that vary in difficulty, with suggested solutions provided in an appendix. This book will assuredly be the standard doctoral- and professional-level explication of corporate finance theory and its appropriate applications.
Mode of access: Internet via World Wide Web.
In English.
9780691188478
10.1515/9780691188478 doi
Corporations--Finance.
BUSINESS & ECONOMICS / Economics / General.
After-Tax Return. Agency Cost Of Debt. Arbitrage. Bidding. Bond (finance). Buyback. Capital asset pricing model. Capital gain. Capital gains tax. Capital loss. Capital market. Capital structure. Cash. Clientele effect. Corporate action. Corporate finance. Corporate governance. Corporate tax. Corporation. Cost of capital. Cost of equity. Credit rating. Credit risk. Creditor. Debt Issue. Debt. Default (finance). Dividend payout ratio. Dividend policy. Dividend. Economic bubble. Economic equilibrium. Economics. Economy. Equity (finance). Equity Market. Equity carve-out. Equity issuance. Equity value. Executive compensation. Financial management. Financial market. Growth stock. High-yield debt. Institutional investor. Investment Valuation. Investment decisions. Investment fund. Investment policy. Investment. Investor. Leverage (finance). Leveraged buyout. Liability (financial accounting). Management buyout. Market Value Of Equity. Market liquidity. Market power. Market value. Money market. Net investment. Net present value. Operating Earnings. Option (finance). Payout. Private equity. Public finance. Rate of return. Real options valuation. Real versus nominal value (economics). Relative value (economics). Repurchase agreement. Return on equity. Risk premium. Share price. Share repurchase. Shareholder rights plan. Shareholder value. Shareholder. Stock market. Supply (economics). Tax Arbitrage. Tax advantage. Tax bracket. Tax credit. Tax deduction. Tax incidence. Tax rate. Tax reform. Tax shield. Tax. The Wealth Effect. Trade-off theory of capital structure. Trader (finance). Traditional Theory Of Capital Structure. Underwriting. Valuation (finance). Venture capital. Wealth effect. Wealth.
338.6/041