Einleitung -- Die klassische Fremdfinanzierung -- Beispiele aus der Realität -- Bewertung und Finanzierung von Immobilien -- Alternative Finanzierungen -- Finanzierung von Start-Ups -- Überblick der Möglichkeiten -- Fazit.

This article discusses how the German and the international academic debates about corporate finance developed in the course of the past 50 years, and how they are related. Four different phases of development are distinguished and contrasted. The main aspect in which they differ relates to the...