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Capital Structure Decisions in Institutional Buyouts

Capital Structure Decisions in Institutional Buyouts

Paperback

Series: Entrepreneurship

AccountingInvesting & Finance

ISBN10: 3835002295
ISBN13: 9783835002296
Publisher: Springer Nature
Published: Feb 24 2006
Pages: 260
Weight: 0.84
Height: 0.65 Width: 5.83 Depth: 8.27
Language: English
Christian Kühn explores the impact of institutional buyouts (IBOs) characteristics on the transaction's capital structure and examines the robustness of established theories in a context which deviates substantially from most empirical studies. With regard to capital structure theories the identified relationships suggest a renaissance of the static trade-off theory while the relevance of the agency theory could only be confirmed in part. However, it appears that agency cost of debt assume a more influential role than do agency cost of equity.

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