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Corporate governance is a highly appealing field of economic theory. Its origins can be traced all the way back to Adam Smith. And as the separation of ownership and control is inherent in the modern corporate, the issues of corporate governance mentioned in essay one have not lost relevance. Further we can observe two main areas of interest in decision-making in corporate finance. Besides the debt-versus-equity decision-making there is also the factor of debt maturity, which is of the same importance but is usually not the focus of financial research. Essay two presents evidence for Czech…mehr

Produktbeschreibung
Corporate governance is a highly appealing field of
economic theory. Its origins can be traced all the
way back to Adam Smith. And as the separation of
ownership and control is inherent in the modern
corporate, the issues of corporate governance
mentioned in essay one have not lost relevance.
Further we can observe two main areas of interest in
decision-making in corporate finance. Besides the
debt-versus-equity decision-making there is also the
factor of debt maturity, which is of the same
importance but is usually not the focus of financial
research. Essay two presents evidence for Czech
firms. However despite the huge theoretical and
empirical literature on the determinants of the
capital structure there is surprisingly limited
empirical evidence on more practical opinions of
company financial managers. Essay three seeks to
answer practical questions on the perception of
corporate financing and explains the management
behavior in the financial decision-making.
Researchers in economic theory as well as financial
practitioners not only from transition countries
might find this book useful and worth to read.
Autorenporträt
Pavel Körner, Ph.D.: Studied Economic theory at Charles
University in Prague, CZ. Credit Risk Manager with
Raiffeisenbank, CZ. Formerly Asset and Liabilities Management
Specialist with CSOB, CZ. He lives in Usti nad Labem, CZ, with
his wife and two daughters.