Corporate Financing Strategies and Debt Policy
Internal financing, borrowing or going public? What do a world-class orchestra and a premier league football club, a high-tech start-up or a multinational concern have in common? - all of them face the question of what financial structure, i.e. what ratio of debt to equity capital to choose and how to manage the finances of their organization. On the other hand, banks and investors must be able to assess a company's future prospects and weigh up the risks their investments are exposed to.
Rudolf Volkart examines corporate financing from the viewpoint of lenders and investors on the one hand and companies in search of capital on the other. He explains the various approaches and strategies and elucidates them with numerous examples.