Capital Structure: Borrow It!

Mark K. Pyles ()
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Mark K. Pyles: College of Charleston

Chapter 5 in Applied Corporate Finance, 2021, pp 169-198 from Springer

Abstract: Abstract We now turn our attention to examining one of the two biggest questions in corporate finance. As outlined in ► Chap. 1 , capital structure is essentially a fancy way of categorizing the specific mixture of debt and equity a firm chooses to finance firm operations. One should view capital structure in two ways. First, we need to examine the firm’s existing capital structure. Doing so is the specific objective of both this chapter and the one to follow. However, the real issue regarding capital structure is identifying the firm’s ideal mixture of debt and equity to use in financing the firm’s projects. This latter notion is critical in understanding corporate finance and will be covered in detail much later along our journey. In this chapter, we will start by examining the debt side of the firm’s existing capital structure.

Date: 2021
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DOI: 10.1007/978-3-030-81631-5_5

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