Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Capital is money companies raise for long-term business investments and expenses. Long-term financing and investor equity are the two primary sources of capital. The optimum balance is referred to as ...

A capital structure is the mix of a company’s financing which used to fund its day-to-day operations. These sources of funds originate from equity, debt and hybrid securities. The equity will come in ...

Discover how evaluating a company’s capital structure—its mix of debt and equity—provides essential insights into financial ...

This is a preview. Log in through your library . Abstract Traditional finance studies have found that firm value is maximised at a mid-range level of leverage. This paper empirically tests the effect ...

After working in consulting, venture capital and private banking, Matthias focuses on e-commerce-M&A with his ESER Capital VV GmbH. Mergers and acquisitions have become a common strategy for ...

Antill, Samuel, and Steven R. Grenadier. "Optimal Capital Structure and Bankruptcy Choice: Dynamic Bargaining vs Liquidation." Journal of Financial Economics 133, no. 1 (July 2019): 198–224.