Capital structure: perspectives for managers Available to Purchase

Understanding capital structure and its practical implications is important to the professional manager regardless of functional area of expertise. The seminal work in the area of capital structure earned the researchers Nobel Prizes. In subsequent years, researchers have provided much additional and very important work on capital structure theory. Decodes capital structure theory and its implications in a manner useful to the practitioner. Explains the conceptual issues, consequences, and implications. Managers face an uncertain world that does not co‐operate with many of the assumptions of theory. Suggests practical strategies for applying capital structure theory to increase firm value. Relates the attendant choices and management of capital structure to the value generation cycle of the company. Includes a section on the important issues in capital structure for companies in emerging and transition economies.