Capital is money companies raise for long-term business investments and expenses. Long-term financing and investor equity are the two primary sources of capital. The optimum balance is referred to as ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The optimal capital structure for firms in cyclical industries is one that helps the business to pay off debts when cash is abundant and access to cash when demand is low. For operations, this means ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Capital structure is a term that describes the proportion of a company’s capital, or operating money, that is obtained through debt versus the proportion obtained through equity. Debt includes loans ...

The Journal of Finance publishes leading research across all the major fields of financial research. It is the most widely cited academic journal on finance and one of the most widely cited journals ...

Previous analyses of the interaction of the capital budgeting and financing decision could promote non-optimal capital structure decisions. This paper identifies the limitations of previous studies ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Mergers and acquisitions have become a common strategy for organizations aiming to expand ...