Managerial Finance


Accounting and Finance

Table Of Contents: Volume 37 Issue 8

Distortion in corporate valuation: implications of capital structure changes

Jacob Oded, Allen Michel, Steven P. Feinstein

The traditional discounted cash flows (DCF) valuation procedure used by financial analysts assumes that firms maintain a policy of fixed debt. However, empirical evidence…

Syndicated bank loans and capital structure

Halil D. Kaya

The purpose of this study is to examine the impact of interest rates on the size and the maturity choice of a syndicated bank loan. In addition, it attempts to determine…

Testing trade‐off and pecking order models of capital structure: does legal system matter?

Carmen Cotei, Joseph Farhat, Benjamin A. Abugri

This paper aims to examine the link between financing patterns, information asymmetry and legal traditions in 37 countries during the 1990‐2004 period.

Hard debt, soft CEOs, and union rents

Linus Wilson

This paper aims to derive insights about optimal managerial compensation and firm capital structure in unionized firms.

Debt‐equity decision‐making with and without growth

Robert M. Hull

The purpose of this paper is to instruct upper level business students on the intricacies of the debt‐equity choice with the emphasis on showing the interrelation of this…

Capital structure: professional management guidance

Robert Stretcher, Steve Johnson

Capital structure decisions rely on a complex array of theoretical foundations and practical considerations. At the managerial level, it is impractical to base decisions…



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  • Professor Don Johnson