Corporate Finance and Capital Structure by Kentaro Asai - 9780367860066

Corporate Finance and Capital StructureA Theoretical Introduction\nAuthor(s): Kentaro Asai\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367860066, 978-0367860066\nSynopsis\nCapital structure choice is essential for an institution to maximize its value. Because the institutions decision maker decides how to finance projects before making investment decisions, its financial decisions ultimately affect every aspect of operations thereafter. This book discusses several key theories of corporate capital structure to answer how funding structure shapes an institutions value. \n\nIn this book, the author emphasizes the microeconomic foundations of capital structure theory. He shows how various microeconomic frameworks, such as price and game theories, principalagent model, and mechanism design, can be applied to solve the optimal capital structure of a firm. By getting used to optimizing corporate capital structures subject to var.