Innovations in Equity Financing
Language: English
Published by Praeger, 1991
- Hardcover
- New

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- Title
- Innovations in Equity Financing
- Author
- Chen, Andrew H.; Kensinger, John W.
- Publisher
- Praeger
- Publication year
- 1991
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0899304788
- ISBN 13
- 9780899304786
In looking at the many financial innovations that blended the traits of debt and equity, Chen and Kensinger find three revolutionary changes that took place in the '80s: the use of debt to increase equity ownership by employees; the transfer of control over corporate resources from managers to lenders; and the shift from owning assets indirectly through corporate stock toward direct ownership of production assets by investors. They fully explore the increased specialization of roles that has resulted in employee control of companies, as well as detailing such practical issues as the tax advantage of leveraged ESOP, the value of organizational capital, innovative methods for reducing the cost of going public, and the benefits of R&D limited partnerships. This is the first book to fully analyze the development of dequity, and will be an important reference source for a variety of individuals, including investment bankers, corporate financial executives, institutional investors, and students of finance and banking.
"Synopsis" may belong to another edition of this title.
About the Author
JOHN W. KENSINGER is Associate Professor of Finance at North Texas University (Denton). His articles and research papers have appeared in the Journal of Financial Economics, Research in Finance, Managerial and Decision Economics, and the Journal of Applied Corporate Finance, among other publications.
"About the title" may belong to another edition of this title.
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