Titlebook: Capital Structure in the Modern World; Anton Miglo Book 2016 The Editor(s) (if applicable) and The Author(s) 2016 Capital Structure Manage

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Credit Rationing and Asset Substitutionr the managers’ actions (agent). This chapter analyzes the shareholder–creditor agency problems where creditors (principal) cannot control the actions of the shareholders (firm’s owners) responsible for major decisions.

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Astigmatism

https://doi.org/10.1007/978-3-322-94894-6xpected bankruptcy costs and optimal capital structure. All of these ideas attempt to provide an answer to the following question: can the firm increase its value by changing its capital structure? Each idea provides a different answer, which makes capital structure a complicated yet exciting topic

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欢笑

Der Systembegriff und sein Umfeld,ions are owned by their shareholders whose objective is usually to maximize the value of their investments. However, in a typical corporation, relationships between interested parties often involve asymmetric information and moral hazard problems. Corporate governance is often seen as a mechanism to

Diatribe

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Nichtregierungsorganisationen (NGOs)nfused because they do not understand why project finance should be discussed as a separate topic since it is, seemingly, a part of almost every other topic including general topics like investments, net present value, etc. We will learn in this chapter that project financing has a very special mean

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