Theoretical Foundations of Corporate Finance
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A01=Joao Amaro de Matos
Arbitrage
Author_Joao Amaro de Matos
Bidding
Bond (finance)
Buyback
Capital asset pricing model
Capital gain
Capital gains tax
Capital market
Capital structure
Cash
Category=KFFH
Category=KJMV1
Corporate action
Corporate finance
Corporate governance
Corporate tax
Cost of capital
Cost of equity
Credit rating
Credit risk
Creditor
Debt
Dividend
Dividend payout ratio
Dividend policy
Economic bubble
Economic equilibrium
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equity (finance)
Equity carve-out
Equity issuance
Equity Market
Financial management
Growth stock
High-yield debt
Institutional investor
Investment
Investment fund
Investment policy
Investor
Leverage (finance)
Leveraged buyout
Liability (financial accounting)
Market liquidity
Market value
Market Value Of Equity
Money market
Net present value
Operating Earnings
Option (finance)
Public finance
Rate of return
Real options valuation
Real versus nominal value (economics)
Share repurchase
Shareholder
Shareholder rights plan
Shareholder value
Supply (economics)
Tax
Tax advantage
Tax Arbitrage
Tax deduction
Tax incidence
Tax reform
Tax shield
The Wealth Effect
Trade-off theory of capital structure
Trader (finance)
Traditional Theory Of Capital Structure
Valuation (finance)
Venture capital
Wealth
Product details
- ISBN 9780691087948
- Weight: 595g
- Dimensions: 152 x 235mm
- Publication Date: 25 Nov 2001
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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Corporate finance is the area of finance that studies the determinants of firms' values, including capital structure, financing, and investment decisions. Although there are several excellent texts in corporate finance, this is the first to focus on the theoretical foundations of the subject in a consistent and integrated way at the Ph.D. level. In addition to a textbook for advanced graduate students, it can also serve as a general reference to researchers and sophisticated practitioners. The material presented is carefully selected with an eye to what is essential to understanding the underlying theory, ensuring that this text will remain useful for years to come. The book is divided into three parts. The first section presents the basic principles of valuation based on the absence of arbitrage, including a discussion of the determinants of the optimal capital structure based on the seminal results of Modigliani and Miller. The second section discusses the implications of agency problems and information asymmetries to capital structure, giving particular attention to payout policy and to debt contract design.
The concluding portion presents different ways of restructuring capital, including going public, going private using stock repurchases or leveraged buyouts, and mergers and acquisitions. Each chapter includes exercises that vary in difficulty, with suggested solutions provided in an appendix. This book will assuredly be the standard doctoral- and professional-level explication of corporate finance theory and its appropriate applications.
Joao Amaro de Matos is Director of the Undergraduate Business Program in the School of Economics, Universidade Nova de Lisboa, Portugal. His teaching includes MBA and Ph.D. courses in Europe and Brazil, and he holds Ph.D.s in both Management and Physics.
