Resources
BNET Business Dictionary
- Capital Structure
- the relative proportions of equity capital and debt capital in a company's balance sheet
- Capital Structure definition on BNET »
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- Capital Structure Arbitrage: An Empirical Investigation Using Stocks and High Yield Bonds
- Capital structure arbitrage is one of the most recent hedge fund strategies that are rapidly gaining popularity amongst traders. This paper looks at the possibility of arbitraging mispricings between a company's high yield bond and stock. The argument behind the strategy is that the equity and debt markets quite often...
- White papers 2004-02-01
- Completing The Capital Structure With A Second Lien Loan
- The economic downturn has dragged on longer than anticipated. Cash flow and collateral values have plunged. Terms on bank loans and traditional funding sources have gotten much tougher. It's not a pretty picture for the multitude of companies that are overleveraged or have maturing debt. Given these circumstances, one of...
- White papers 2003-01-04
- Hess Q2 2009 Earnings Transcript
- Question-and-Answer SessionOperator Operator Instructions. And our first question will be from the line of Dough Leggate with Howard Weil Please proceed sir. Dough Leggate - Howard, Weil, Labouisse, Friedrichs, Inc. Thanks. Good morning guys. Thanks for taking my question. John Hess Good morning. Dough Leggate - Howard, Weil, Labouisse,...
- Earnings calls 2009-07-29
- Westar Energy Inc. Q3 2008 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Michael Lapides with Goldman Sachs. Please proceed. Michael Lapides - Goldman Sachs Hey, guys, look forward to seeing you next week in Arizona at EEI. Quick question for you. How does the KCC treat short-term debt, whether...
- Earnings calls 2008-11-07
- NRG Energy Inc. Q3 2008 Earnings Conference Call Transcript
- Question-and-Answer Session[Operator Instructions]. Our first question comes from Nitin Dahiya of Barclays. Please proceed with your question. Nitin Dahiya - Barclays Good morning. David Crane - President and Chief Executive Officer Good morning. Nitin Dahiya - Barclays Clint, from a GAAP structure point of view, I mean obviously you...
- Earnings calls 2008-10-30
- Regulatory Risk, Market Risk And Capital Structure: Evidence From U.S. Electric Utilities
- There is a sharp contrast when one compares firm leverage ratios between US and British electric utilities, which have both been deregulated in the past decade. In the US, leverage ratios have been declining while in the UK, they show a marked increase. To better understand the decline in leverage...
- White papers 2005-12-01
- Optimal Capital Structure and the Market for Outside Finance in Commercial Real Estate
- When asked about optimal capital structure, the typical response from a commercial real estate investor is "go for it?use as much debt as possible." This answer, while not being necessarily incorrect, is not very informative. This paper seeks to articulate the economics underlying the market for outside finance in commercial...
- White papers 2004-08-01
- Capital Structure Arbitrage Strategies: Models, Practice and Empirical Evidence
- Capital structure arbitrage strategies currently are the fastest growing sector in the hedge fund market and in proprietary trading departments in large banks. The objective of the thesis is the theoretical and practical background of capital structure arbitrage and hedging strategies, and the empirical evidence of key relationships applying these...
- White papers 2003-11-01
- A Guide to Choosing Absolute Bank Capital Requirements
- Resampling implementation of a stress-scenario approach to estimating portfolio default loss distributions is proposed as the basis for estimates of the appropriate absolute level of economic capital allocations for portfolio credit risk. Estimates are presented for stress scenarios of varying severity. Implications of use of different analysis time horizons are...
- White papers 2002-05-01
- Institutions Risk Management, Capital Structure and Lending at Banks
- In this paper, we test how access to the loan sales market affects bank capital structure and lending decisions. Hedging activities in the form of derivatives trading and swap activities - activities that allow firms to manage their market risks - have been shown to influence firm performance and risk
- White papers 2001-10-01
- Capital Structure & Payout Policy
- The capital structure of a company comprises of the permanent long-term financing of the company, including long-term debt, common stock, preferred stock, and retained earnings. Dividend is a taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings....
- Presentations 2003-01-01
- Financial Restructuring
- Financial re-structuring involves valuation of a firm and leveraging available resources for productivity enhancement. Acquisition is a method to enhance value of capital structure decisions. The paper discuses the process of financial re-structuring. It also throws light on re-organization processes for financially distressed firms and some financial engineering strategies. ...
- Presentations 2001-01-01
- How Do CFOs Make Capital Budgeting And Capital Structure Decisions?
- A large body of academic research describes the optimal decisions that corporations should make, given certain assumptions and conditions. Anecdotal evidence, however, suggests that the way that corporations actually make decisions is not always consistent with the academic decision rules. This paper analyzes a comprehensive survey that describes the current...
- White papers 2002-03-08
- Optimizing Capital Structures In Challenging Times
- It has been observed that Bank lending is on the decline. The high-yield market is opening up. In addition, institutional investors are bringing new liquidity to the marketplace. The question it tries to address is how to employ capital structures and risk management techniques effectively in today's challenging credit and...
- White papers 2002-03-01
- Valuation of Merger Target
- The presentation descibes valuation of merger target and that it is from the perspective of acquiring company´s shareholders. Value of the target to the acquirer is made up of: stand alone value of the target plus, value of improvements at target made by acquirer management plus and value of pure...
- Presentations 2003-01-01
- Cases in Corporate Finance
- This course uses intensive analysis of case studies to develop the student's ability to make financial decisions. The topics run the gamut of corporate financial decisions, including performance evaluation, working capital management, dividend policy, capital structure policy, use and valuation of derivatives, capital budgeting and mergers and acquisitions. Some new...
- White papers 2001-01-01
- Case Studies in Finance: Managing for Corporate Value Creation
- This book presents 46 case studies in finance, targeted toward upper-level undergraduates and introductory and intermediate-level MBA students. The purpose of these cases is to afford the basis for classroom discussion of tools and concepts. The range of topics includes value creation, market efficiency, economic profit, financial analysis and forecasting,...
- White papers 2002-07-01
- Risk-Adjusted Yardstick May Be Misnamed
- "This paper represents an improvement over the traditional approach to capital structure management. But just as clearly, there are some significant shortcomings.As a consequence, there are grounds for thinking the equity ratios it produces may not be right. The key aim of the risk-adjusted return determine the overall downside risk...
- White papers 1999-10-08
- Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions
- We develop a framework for analyzing the capital allocation and capital structure decisions facing financial institutions such as banks. Our model incorporates two key features: i) value-maximizing banks have a well-founded concern with risk management; and ii) not all the risks they face can be frictionlessly hedged in the capital...
- White papers 1997-03-17
- Capital Structure and Firm Performance: A New Approach to Testing Agency Theory and an Application to the Banking Industry
- This paper discusses the capital structure, which employs simultaneous-equations model that accounts for reverse causality from performance and agency costs, banking, efficiency. It discusses that data on the U.S. banking industry are consistent with the theory, and the results are statistically significant, economically significant, and robust.
- White papers 2003-01-11
- << Previous
- page 1 of 2
- Next >>
Refining Tags
- Finance (39 results)
- Investment (14 results)
- Financial Services (14 results)
- Financial Accounting (12 results)
- Financial (8 results)
- Business Operations (8 results)
- Financial Planning (5 results)
- Strategy (5 results)
- Management (5 results)
- Budgeting (4 results)
- Risk Management (4 results)
- Security (4 results)
- Seeking Alpha (4 results)
- Call Transcript (3 results)
- Earnings (3 results)
- Mergers & Acquisitions (3 results)
- Equity (3 results)
- Bank (3 results)
Presented by American Express