Corporate finance and the theory of the firm

Business & Finance, Finance & Investing, Finance
Cover of the book Corporate finance and the theory of the firm by Stefan Detscher, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Stefan Detscher ISBN: 9783638273152
Publisher: GRIN Publishing Publication: May 2, 2004
Imprint: GRIN Publishing Language: English
Author: Stefan Detscher
ISBN: 9783638273152
Publisher: GRIN Publishing
Publication: May 2, 2004
Imprint: GRIN Publishing
Language: English

Research Paper (undergraduate) from the year 2003 in the subject Business economics - Investment and Finance, grade: 2,0 (B), European Business School - International University Schloß Reichartshausen Oestrich-Winkel (Corporate Finance and Capital Markets), language: English, abstract: This book examines the links between corporate finance and the theory of the firm. As a basis for this analysis, theoretical foundations in corporate finance and the theory of the firm are provided. Furthermore, current research on the theory of the firm and corporate finance for the recently emerged type of firm of the human-capital intensive firm is presented. The most significant part of the analysis is the evaluation of the interrelation between corporate finance and the theory of the firm using a 3x3 matrix. This matrix compares three important theoretical frameworks of the firm (the firm as a nexus of contracts, as a collection of growth options and as a collection of assets) with three major fields of corporate finance (capital structure, corporate governance and valuation). This assessment is done for the traditional asset-intensive industrial firm, one of two basic types of firms in today's economy. For giving an additional insight into current research, the recently emerged human-capital intensive firm is shortly described in comparison to the traditional asset-intensive firm, and implications for corporate finance for this new type of firm are explained. As a conclusion, three major results can be stated: firstly, the theory of the firm definitely influences corporate finance for all described views of the firm, and it is thus an important basis for corporate finance. This fact makes it necessary to consider the underlying issue of the theory of the firm for each problem in corporate finance. Secondly, different views of the theory of the firm have different implications for corporate finance. For example, the appropriate valuation method depends on the considered view of the firm. A third result being observed is that corporate finance and the theory of the firm are in an ongoing change. An example of this is the emergence of human-capital intensive firms within the last decade.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Research Paper (undergraduate) from the year 2003 in the subject Business economics - Investment and Finance, grade: 2,0 (B), European Business School - International University Schloß Reichartshausen Oestrich-Winkel (Corporate Finance and Capital Markets), language: English, abstract: This book examines the links between corporate finance and the theory of the firm. As a basis for this analysis, theoretical foundations in corporate finance and the theory of the firm are provided. Furthermore, current research on the theory of the firm and corporate finance for the recently emerged type of firm of the human-capital intensive firm is presented. The most significant part of the analysis is the evaluation of the interrelation between corporate finance and the theory of the firm using a 3x3 matrix. This matrix compares three important theoretical frameworks of the firm (the firm as a nexus of contracts, as a collection of growth options and as a collection of assets) with three major fields of corporate finance (capital structure, corporate governance and valuation). This assessment is done for the traditional asset-intensive industrial firm, one of two basic types of firms in today's economy. For giving an additional insight into current research, the recently emerged human-capital intensive firm is shortly described in comparison to the traditional asset-intensive firm, and implications for corporate finance for this new type of firm are explained. As a conclusion, three major results can be stated: firstly, the theory of the firm definitely influences corporate finance for all described views of the firm, and it is thus an important basis for corporate finance. This fact makes it necessary to consider the underlying issue of the theory of the firm for each problem in corporate finance. Secondly, different views of the theory of the firm have different implications for corporate finance. For example, the appropriate valuation method depends on the considered view of the firm. A third result being observed is that corporate finance and the theory of the firm are in an ongoing change. An example of this is the emergence of human-capital intensive firms within the last decade.

More books from GRIN Publishing

Cover of the book The Ryan Air Model - Success and Impact on the European Aviation Market by Stefan Detscher
Cover of the book Influence of salary and monetary incentives on project performance by Stefan Detscher
Cover of the book Hedging with Interest Rate Swaps and Currency Swaps by Stefan Detscher
Cover of the book The role of the mass media in influencing political process by Stefan Detscher
Cover of the book Mass media in the 1920s by Stefan Detscher
Cover of the book Analysis and international comparison of selected labour standards by Stefan Detscher
Cover of the book Introduction to International Law by Stefan Detscher
Cover of the book A novel and its adaptation: Stanley Kubrick: Lolita (1962) by Stefan Detscher
Cover of the book Dissertation Proposal: Development of a recommendation on the implementation of IT service management on the basis of ITIL in SMEs by Stefan Detscher
Cover of the book Individual vs. Society in Ken Kessey's Novel and Film 'One Flew Over the Cuckoo's Nest' by Stefan Detscher
Cover of the book Sahibs with Black Faces? - Installing and Escaping Whiteness in Rudyard Kipling's 'Kim' by Stefan Detscher
Cover of the book Bodenklassifikation (AG Boden, FAO) by Stefan Detscher
Cover of the book Strategies and Methods of Scaffolding Text-based sources for Weak(er) ESL-Learners of English by Stefan Detscher
Cover of the book Das 'Pfahlbürgertum' - Status einer 'doppelten' Rechtsstellung by Stefan Detscher
Cover of the book The Yellow Wallpaper - A Stylistic Analysis by Stefan Detscher
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy