My Account Wish List
Advanced Search
Print - Close Window
www.greenwood.com/catalog/Q616.aspx
All Greenwood Products
The Capital Structure Paradigm Evolution of Debt/Equity Choices
Zane Swanson, Bin Srinidhi, Ananth Seetharaman
Book Code: Q616
ISBN: 1-56720-616-6
ISBN-13: 978-1-56720-616-6
256 pages, figures, tables, graphs
Praeger Publishers
Publication: 11/30/2003
List Price: $86.95 (UK Sterling Price: £49.95)
Availability: In Stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects: Reviews:
  • Presents current thinking about how to determine the mix of financing sources for a mmodern entity.
    —Business Horizons     September/October 2004
Description: With a view toward providing the reader with a framework for examining debt/equity decisions, this book begins with a simple model of the debt/equity impact upon firm value. Utilizing the paradigm development of capital structure theory to identify the current research frontier of the factors affecting the firm debt/equity position, the authors also extrapolate from the current frontier to outline future opportunities for research and improvements in capital structure analysis. Each chapter begins with a discussion of a central tenet, moves on to a discussion of the theoretical research and empirical evidence pertaining to the tenet, and concludes with a summary of the implications of the paradigm shift for current and future research and practice. A chapter at the end of the book provides an analysis of some unanswered questions in the current frontier of knowledge that may be exploited for further research. One is the strength of signaling of capital structure changes on firm value. A second is a lack of specification for the set of capital structure simultaneous equations. A third emerging issue is the definition of the capital structure within behavioral finance thinking.
Table of Contents:
  • Preface
  • Introduction
  • Foundations--Is the Debt/Equity Decision Irrelevant?
  • Impact of Corporate Tax
  • The Modifying Impact of Personal Taxes on Investors
  • Bankruptcy Cost's Effect
  • Effect of Agency Costs
  • Signaling
  • Capital Structure as One of Many Simultaneously Determined Variables
  • Executive Survey Interview Information
  • Current State of Research Frontier and Opportunities
  • Summary and Conclusions
  • Appendices
  • Index
LC Card Number: 2003058006
LCC Class: HG4026
Dewey Class: 338
All rights reserved. Copyright © 1999-2008 Greenwood Publishing Group, Inc.
88 Post Road West, Westport CT 06881, (203) 226-3571