Corporate finance and capital structure : a theoretical introduction /: a theoretical introduction. (2020)

• Record Type: Book
• Further Information: Note: Kentaro Asai.
• Authors: Asai, Kentaro
• Contents: 1. Introduction 1.1 What This Book Is About 1.2 Chapter Overview 2. Capital Structure Choice in a Frictionless World 2.1 Frictionless Capital Market 2.2 Additivity and Uniqueness of Security Valuation 2.3 Neutrality of Capital Structure 2.4 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 IPO 6.3 Signalling Through Retained Ownership 6.4 Signalling 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 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
• Edition: 1st
• Publisher Details: London : Routledge
• Publication Date: 2020
• Extent: 1 online resource, illustrations (black and white)
• Subjects: 658.152; Corporations -- Finance; Capital; Valuation
• Languages: English
• ISBNs: 9781000320534; 9781000320497; 9781003016380
• Related ISBNs: 9780367860059; 9780367860066
• Notes: Note: Includes bibliographical references and index.; Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.