The Corporate Borrowing Decision

by Roger Jeffrey Lister, Damiana

The impact of key aspects of the corporate borrowing decision on corporate wealth within the constraints of corporate debt capacity forms the unifying theme of this work. The authors elucidate the crucial nature of the financing decision for corporate mobility, wealth and survival. As corporate debt has an impact on national economic development, and social costs, management must be well equipped to appraise corporate debt capacity. This book contributes towards an understanding of how to maximise corporate wealth within the constraints of corporate debt capacity, and the emphasis is on the needs of larger, typically publicly quoted groups. The link between theory and practice is emphasized. The authors aim to be concise, accessible and stimulating in a field of study whose chief merit currently is its increasing ability to bridge the troubled waters which have too long separated the theory of financial management and its practice.

192 pages, Hardcover

First published January 1, 1988