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
- 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
- Debt Market Considerations For Today's Borrowers Seeking The Optimal Capital Structure
- From the executive summary: ‘In a surprisingly short timeframe, loan market conditions have changed dramatically. Covenants continue to loosen, maturities continue to increase, and lenders are competing very aggressively on price. As a result, leveraged loan volume is on the rise, driven largely by re-financings and re-pricing of existing debt....
- White papers 2004-09-01
- 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
- 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
- A Multinational Perspective on Capital Structure Choice and Internal Capital Markets
- This paper examines the impact of local tax rates and capital market conditions on the level and composition of borrowing by foreign affiliates of American multinational corporations. The evidence indicates that 10 percent higher local tax rates are associated with 2.8 percent higher debt/asset ratios of American-owned affiliates, and that...
- White papers 2003-05-23
- Institutions and the External Capital Structure of Countries
- In a cross section of emerging markets and developing countries, it is found that equity-like liabilities (FDI and, especially, portfolio equity) as a share of countries' total external liabilities or as a share of GDP are positively and significantly associated with indicators of educational attainment, natural resource abundance, and especially,...
- White papers 2004-12-01
- Capital Structure With Risky Foreign Investment
- Firms facing significant business risks have incentives to mitigate the costs of these risks by adjusting their capital structures. This paper investigates this link by analyzing the exposures of multinational firms to political risks. The evidence indicates that returns on investment in politically risky foreign countries are more volatile than...
- White papers 2007-03-01
- Human Capital, Bankruptcy And Capital Structure
- We derive a firm's optimal capital structure and managerial compensation contract when employees are averse to bearing their own human capital risk, while equity holders can diversify this risk away. In the presence of corporate taxes, our model delivers optimal debt levels consistent with those observed in practice. It also...
- White papers 2006-12-05
- Operational Decisions, Capital Structure, and Managerial Compensation: A News Vendor Perspective
- While firm growth critically depends on financing ability and access to external capital, the operations management literature seldom considers the effects of financial constraints on the firms' operational decisions. Another critical assumption in traditional operations models is that corporate managers always act in the firm owners' best interests. Managers are,...
- White papers 2005-08-29
- Introducing Capital Structure in a Production Economy: Implications for Investment, Debt and Dividends
- The model presented in the paper adds to the standard neoclassical model of business fluctuations by introducing a more realistic capital structure problem, where firms have to balance the tax benefits of debt with the costs of potential financial distress. Therefore, firms solve a dynamic problem with both an investment...
- White papers 2003-02-01
- Capital Structure and Stock Returns
- U.S. corporations do not use their debt and equity issuing and repurchasing activities to counteract the mechanistic effects of stock returns on their debt equity ratios. Thus, over 1-5 year horizons, stock returns can explain about 40% of debt ratio dynamics. Although corporate net issuing activity is lively, and although...
- White papers 2004-02-01
- Century Aluminum Q3 2009 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you Operator Instructions. Our first question is from with Bret Levy with Jefferies & Company. Please go ahead sir. Bret Levy - Jefferies & Company Hey guys can you talk a little bit about if you proceed with all the Helgavik spending and what are your...
- Earnings calls 2009-10-27
Additional Resources
- For King and country
- Some very radical prescriptions for dealing with the banking sector to avoid another financial crisis of the magnitude of the one just experienced are flowing in the UK from the most authoritative of sources. That the UK is producing the most revolutionary of responses perhaps isn't surprising, given how badly...
- News items 2009-10-20
- CardioDynamics Announces Capital Structure Changes as Key to Growth in Shareholder Value
- SAN DIEGO--BW HealthWire--July 8, 1999-- CardioDynamics International Corp. (Nasdaq:CDIC), manufacturer of BioZR noninvasive digital cardiac output monitoring systems today announced two significant changes to its capital structure aimed at improving the long-term investment returns to the company's common shareholders. The two changes include an additional investment made by...
- Research articles 1999-07-08
- Tessa Complete Health Care, Inc. Retains Vector Capital Group as Investment Banker
- Business Editors BEL AIR, Md.--BUSINESS WIRE--Oct. 31, 2001 Tessa Complete Health Care, Inc. (OTCBB:TSSA) today announced that it has retained Cincinnati, Ohio-based Vector Capital Group, Inc. as its financial and investment banking adviser. Vector Capital is a full-service investment banking firm with offices in Cincinnati, Ohio and...
- Research articles 2001-10-31
- TAG Group reorganises Capital Structure of TAG Heuer SA
- GENEVA--BUSINESS WIRE--December 19, 1995--The TAG Group has reorganised the capital structure of TAG Heuer SA, a leading maker of Swiss sports watches and chronographs.As a result, the TAG Group has retained majority ownership and extended the share capital to management, headed by Christian Viros and CWB Capital Partners, a European...
- Research articles 1995-12-19
- << Previous
- page 1 of 1
- Next >>
