Capital Structure Decisions in Institutional Buyouts

Paperback Engels 2006 9783835002296
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

Christian Kühn explores the impact of institutional buyouts (IBOs) characteristics on the transaction's capital structure and examines the robustness of established theories in a context which deviates substantially from most empirical studies. With regard to capital structure theories the identified relationships suggest a renaissance of the static trade-off theory while the relevance of the agency theory could only be confirmed in part. However, it appears that agency cost of debt assume a more influential role than do agency cost of equity.

Specificaties

ISBN13:9783835002296
Taal:Engels
Bindwijze:paperback

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Inhoudsopgave

Characteristics of institutional buyouts (IBOs)

Overview of corporate finance theories, the trade-off between taxes and financial distress, capital structure and agency conflicts

IBO financing layers

Hypothesis of IBO capital structures and operationalisation of variables

Empirical results on IBO capital structures

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        Capital Structure Decisions in Institutional Buyouts