Capital Structure and Firm Performance

Business & Finance, Economics, Theory of Economics
Cover of the book Capital Structure and Firm Performance by Arvin Ghosh, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Arvin Ghosh ISBN: 9781351530163
Publisher: Taylor and Francis Publication: July 5, 2017
Imprint: Routledge Language: English
Author: Arvin Ghosh
ISBN: 9781351530163
Publisher: Taylor and Francis
Publication: July 5, 2017
Imprint: Routledge
Language: English

Capital structure theory is one of the most dynamic areas of finance and forms the basis for modern thinking on the capital structure of firms. Much controversy has resulted from comparisons of the theory of capital structure originally developed by Franco Modigliani and Merton Miller to real-world situations. Two competing theories have emerged over the years, the optimal capital structure theory and the pecking order theory.Arvin Ghosh begins with an overview of the controversies regarding capital structure theories, and then statistically tests both the optimal capital structure and pecking order theories. Using the binomial approach he analyzes the determinants of capital structure while discussing the role of market power in determining capital structure decisions. Ghosh probes the questions of new stock offerings and stockholders' returns, and analyzes capital structure and executive compensation. He then looks into debt financing ownership structure, and the controversal relationship between capital structure and firm profitability. Finally, he discusses the latest developments in the field of capital structure.A concise overview of a major issue in business economics and finance, this volume provides a fuller understanding of capital structure influence on the financial performance of firms, and will certainly stimulate further debate. While hundreds of scholarly articles have been written on the subject this is the first book to test competing theories against measurements of firms' performance and their underlying capital structure.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Capital structure theory is one of the most dynamic areas of finance and forms the basis for modern thinking on the capital structure of firms. Much controversy has resulted from comparisons of the theory of capital structure originally developed by Franco Modigliani and Merton Miller to real-world situations. Two competing theories have emerged over the years, the optimal capital structure theory and the pecking order theory.Arvin Ghosh begins with an overview of the controversies regarding capital structure theories, and then statistically tests both the optimal capital structure and pecking order theories. Using the binomial approach he analyzes the determinants of capital structure while discussing the role of market power in determining capital structure decisions. Ghosh probes the questions of new stock offerings and stockholders' returns, and analyzes capital structure and executive compensation. He then looks into debt financing ownership structure, and the controversal relationship between capital structure and firm profitability. Finally, he discusses the latest developments in the field of capital structure.A concise overview of a major issue in business economics and finance, this volume provides a fuller understanding of capital structure influence on the financial performance of firms, and will certainly stimulate further debate. While hundreds of scholarly articles have been written on the subject this is the first book to test competing theories against measurements of firms' performance and their underlying capital structure.

More books from Taylor and Francis

Cover of the book Cut `n' Mix by Arvin Ghosh
Cover of the book Islam, Development, and Urban Women's Reproductive Practices by Arvin Ghosh
Cover of the book Managing Customer Service by Arvin Ghosh
Cover of the book Confronting Obstacles to Inclusion by Arvin Ghosh
Cover of the book Geography, Technology and Instruments of Exploration by Arvin Ghosh
Cover of the book Lives Transformed by Arvin Ghosh
Cover of the book Environmental Values in a Globalizing World by Arvin Ghosh
Cover of the book Intermediate Persian by Arvin Ghosh
Cover of the book Chinese Globalization by Arvin Ghosh
Cover of the book Destination Resilience by Arvin Ghosh
Cover of the book From Blood Diamonds to the Kimberley Process by Arvin Ghosh
Cover of the book Teaching Gifted Children 4-7 by Arvin Ghosh
Cover of the book Historical Foundations of Black Reflective Sociology by Arvin Ghosh
Cover of the book The Healing Bond by Arvin Ghosh
Cover of the book Women's Writing of the First World War by Arvin Ghosh
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy