Corporate investment is an important determinant of economic well-being. The existing literature identifies optimal investment size and timing without the possibility of debt financing, as well as the effect of debt financing on investment timing without the option to choose investment size....

Historically, most convertible bond (CB) issues have been converted to equity sooner or later. The announcement of a CB issue will bring about a future dilution of the firm's capital, and is often followed by a drop in share price. However, a CB issue by itself creates future value for the...

Circulating capital or working capital has no economic significance for the purposes of the imposition of any normative behaviour. Capital management involves the adoption of managerial decisions that affect a specific type of assets and liabilities in the short term. The difference between...

Circulating capital or working capital has no economic significance for the purposes of the imposition of any normative behaviour. Capital management involves the adoption of managerial decisions that affect a specific type of assets and liabilities in the short term. The difference between...

The decision of financing a company through a bank loan is based on a complex analysis. The bank analyzes the information provided by the company’s annual financial statements and assesses the ability of the company to generate cash or cash equivalent, which is necessary to pay maturing debts....

Questo paper considera il venture capital come forma di finanziamento che si realizza in quegli ambienti dove i fallimenti di mercato causati da problemi informativi sono tali da non rendere possibile l'affermazione di altre istituzioni finanziarie, e dove questa si affermi come unica forma di...