Book description
A comprehensive guide to making better capital structure and
corporate financing decisions in today's dynamic business environment
Given the dramatic changes that have recently occurred in the
economy, the topic of capital structure and corporate financing
decisions is critically important. The fact is that firms need to
constantly revisit their portfolio of debt, equity, and hybrid
securities to finance assets, operations, and future growth.
Capital Structure and Corporate Financing Decisions provides an
in-depth examination of critical capital structure topics, including
discussions of basic capital structure components, key theories and
practices, and practical application in an increasingly complex
corporate world. Throughout, the book emphasizes how a sound capital
structure simultaneously minimizes the firm's cost of capital and
maximizes the value to shareholders.
- Offers a strategic focus that allows you to understand how
financing decisions relates to a firm's overall corporate policy
- Consists of contributed chapters from both academics and
experienced professionals, offering a variety of perspectives and
a rich interplay of ideas
- Contains information from survey research describing actual
financial practices of firms
This valuable resource takes a practical approach to capital
structure by discussing why various theories make sense and how firms
use them to solve problems and create wealth. In the wake of the
recent financial crisis, the insights found here are essential to
excelling in today's volatile business environment.
H. KENT BAKER, PhD, CFA, CMA, is University
Professor of Finance and Kogod Research Professor at the Kogod School
of Business at American University, Washington, D. C. He has published
extensively in leading academic and professional finance journals
including the Journal of Finance, Journal of Financial and
Quantitative Analysis, Financial Management, Financial
Analysts Journal, and Journal of Portfolio Management.
Recognized as one of the most prolific authors in finance during the
past fifty years, Professor Baker has consulting and training
experience with more than 100 organizations and has been listed in
fifteen biographies.
GERALD S. MARTIN, PhD, is an Associate Professor of Finance at
the Kogod School of Business at American University, Washington, D. C.
He has published in top scholarly journals, including the Journal
of Financial Economics and Journal of Financial and
Quantitative Analysis. Before embarking on his academic career,
Professor Martin spent seventeen years in the private sector as
president and CEO of TMI Aircraft Finance/TMI Leasing, LLC, financing
aircraft and aviation products worldwide for Textron Financial
Corporation, as well as in marketing and research at Bell Helicopter
Textron Inc.
