Corporate Financing Decisions

    Financial_services > Commercial finance > Corporate Financing Decisions

The Theory and Practice of Corporate Finance
Survey of CFOs on the practical implications of corporate finance theory.

 
Cove Partners: Corporate Financing
Providers of corporate financing services including debt and equity placements, balance sheet recapitalizations, and corporate valuations.

 
Testing Static Tradeoff Against Pecking Order Models of Capital Structure: A Critical Comment
A comment that shows the new test of the Pecking Order Model by Shyam-Sunder and Myers (1999). By Robert S. Chirinko and Anuja R. Singha, May 2000. Requires Acrobat Reader.

 
Aswath Damadoran: Spreadsheet for Finding Optimal Capital Structure (operating income held steady)
A spreadsheet for determining the optimal capital structure for a firm using the weighted average cost of capital method and holding operating income levels steady.

 
GE Commercial Finance: Increase Working Capital
Providers of financing solutions to manage cash flow needs. Solutions involve term loans, senior debt, large fixed assets, and working capital loans.

 
Corporate Diversification and Agency
Argues that the value of diversification activities may increase or decrease the principal's information, depending on the particular structure of the activity. By Benjamin E. Hermalin and Michael L. Katz, UC Berkeley. Requires Acrobat Reader.

 
Aswath Damadoran: The Capital Structure Decision (pdf)
A discussion of the debt or equity tradeoff as a corporation determines its capital structure (pdf version, requires Adobe Acrobat).

 
Aswath Damadoran: Finding the Optimal Capital Structure (pdf)
A detailed examination of the process a firm undergoes to determine its optimal capital structure. In-depth analysis of calcualting the weighted average cost of capital (WACC) (pdf version, requires Adobe Acrobat).

 
Campbell Harvey: Capital Structure and the Payout Decision
A discussion of a firm's optimal capital structure and dividend payout decision, using the Modigliani-Miller model as a guide. Also discusses valuation of firm's equity as an option.

 
The Facts About Time-to-Build
Working paper by Petya Koeva that presents empirical evidence about the process of plant investment.

 
Owen Lamont: Financial Constraints and Stock Returns (pdf version)
A study of the effect financial constraints place on stock returns, and factors that determine the magnitude of the effect. Requires Adobe Acrobat.

 
Financing Basics: Debt vs. Equity
A brief overview of debt and equity financing.

 
CGM Group LLC: Corporate Financing
Providers of corporate financing services including divestitures, debt and equity placements, acquisitions, management buyouts, and balance sheet restructurings.

 
Agency Cost, Risk Management and Capital Structure
A joint determination of capital structure and investment risk is examined. By Hayne E. Leland, April 1998. Requires Acrobat Reader.

 
Getting Financing for Your Business
An examination of how to obtain financing for small businesses, including private and public sources of funds.

 
Aswath Damadoran: Capital Structure Sensitivity Analysis
An analysis of the sensitivity of a firm's capital structure to different variables, including: changes in interest rates, macroeconomic variables, and term structure decisions.

 
Aswath Damadoran: Spreadsheet for Finding Optimal Capital Structure (operating income variable)
A spreadsheet to determine the optimal capital structure of a firm using the weighted average cost of capital method, allowing operating income to vary over different debt to equity levels.

 
Assets Working Overtime: Part 3 of 3
Article in businessfinancemag.com that details the different short-term financing strategies available to corporations.

 
Understanding Money Sources
Introduction to sources of capital such as capital generated internally, capital from trade creditors, borrowed money, and equity investments from investors.

 
A Theory of Corporate Capital Structure and Investment
Paper describes how financial disruptions affect investment and interest rates in a general equilibrium economy. By Miguel Cantillo Simon, UC Berkeley, June 1997. Requires Acrobat Reader.

 
Integra Systems Queensborough: Corporate Financing Decisions
Provides efficient ways of utilizing bank data with software products, consulting, operational solutions, and compliance tools.

 
Revolving Credit Strategies You Can Bank On
Article in businessfinancemag.com that describes the hierarchy of borrowing with specific attention paid to revolving credit.

 
Business Publications Capital Finance Articles
Links to capital financing articles in various publications.

 
GE CFO Solutions: Corporate Financing Decisions
Provides a range of business financial services, including accounts receivable management, cash flow lending, and real estate and equipment financing.

 
Nb of links = 24