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Bierman, Harold, Jr. - The Capital Structure Decision           - 9781461353638 - V9781461353638
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The Capital Structure Decision

€ 127.16
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Description for The Capital Structure Decision Paperback. Num Pages: 227 pages, biography. BIC Classification: KFF. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 12. Weight in Grams: 367.

In 1958 an academic paper on corporate finance written by two professors (Merton Miller and Frances Modigliani, who were later awarded the Nobel prize for their research efforts) was published in The American Economic Review. One prime conclusion of their paper was that the exact form of a firm's capital structure did not affect the firm's value.

Later papers by the same two authors and by many others modified the assumptions and changed this conclusion. We now think that capital structure decisions do affect a firm's value and corporate managers should understand better the financing alternatives that are available.

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The capital structure decision is one of the three most important financial decisions that management make (the distribution of earnings and the capital budgeting decisions are the other two contenders). Managers should increase their understanding of capital structure alternatives and remember that choosing the best capital structure is an art and not an exact simple calculation. But applying the art can be improved with understanding.

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Product Details

Format
Paperback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
227
Condition
New
Number of Pages
227
Place of Publication
New York, NY, United States
ISBN
9781461353638
SKU
V9781461353638
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15

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