This textbook helps students truly understand how to apply the principles behind corporate finance in a real world context from both a firm and investor perspective. In its second edition, this text focuses on traditional theory applied to a holistic and realistic business case study, written as...

Chapter 1: In the Beginning -- Chapter 2: Financial Statement Analysis: What’s Right, What’s Wrong, and Why -- Chapter 3: Cash Flow: Easy Come, Easy Go -- Chapter 4: The Right Frame of Time -- Chapter 5: Capital Structure: Borrow it -- Chapter 6: Capital Structure: Sell it Off -- Chapter 7:...

We show that small firms using syndicated loans for their mid- and long-term financial needs have significantly higher leverage than firms that do not borrow in this market. This difference cannot be attributed to firm characteristics like the availability of growth opportunities, asset...

We show that small firms using syndicated loans for their mid- and long-term financial needs have significantly higher leverage than firms that do not borrow in this market. This difference cannot be attributed to firm characteristics like the availability of growth opportunities, asset...