Research on Capital Structure Issues in Uncertain Environments

Author: Cao Guohua
Publisher:
Publish Date: 2006-05-01
Features: This book systematically studies the changes in capital cost, investment decisions, and capital structure after introducing risk and uncertainty, utilizing theories such as the Capital Asset Pricing Theory, Option Pricing Theory, and more broadly, the opportunistic rights analysis technique. It employs game theory to analyze the opportunistic governance of internal stakeholders through bankruptcy mechanisms, and provides an in-depth study of the causes of high leverage in state-owned enterprises and strategies to resolve it.