Capital Structure in the Modern World

Professor Anton Miglo is Associate Professor of Finance at the School of Business at Nipissing University, Canada. He obtained his Candidate of Science Degree from Saint-Petersburg State University in 1998 and PhD with excellence in economics (concentration in finance) from the University of Quebec in Montreal (Canada) in 2005. During his studies, Professor Miglo was awarded prestigious scholarships from the Canadian Council of Social Science Research and Montreal Institute of Financial Mathematics. Over the course of his career, Professor Miglo has taught numerous finance courses including Theory of Finance, Financial Management, Entrepreneurial Finance, Advanced Topics in Finance, Investments, Finance with Excel and Financing Strategies and Corporate Governance. He is the author of numerous academic publications. Professor Miglo areas of expertise include capital structure and financial contracts.

Chapter 1) Introduction.- Section I.- Chapter 2) Modigliani-Miller Proposition and Trade-Off Theory.- Chapter 3) Asymmetric Information and Capital Structure.- Chapter 4) Credit Rationing and Asset Substitution.- Chapter 5) Debt Overhang.- Section II.- Chapter 6) Capital Structure Choice and Firm's "Quality".- Chapter 7) Capital Structure and Corporate Governance.- Chapter 8) Capital Structure of Start-Up Firms and Small Firms.- Chapter 9) Corporate Capital Structure vs. Project Financing.- Chapter 10) Capital Structure Analysis: Some Examples.

"The book is aimed to review the main theoretical concepts of capital structure and to cast attention on some still growing areas of research. ... the book has the noteworthy merit of keeping a balance between theory and practice of firm's financing choices, providing a useful overview for the interested reader of the modern state of capital structure theory." (Anna Maria C. Menichini, Journal of Economics, Vol. 122, 2017)

“The book is aimed to review the main theoretical concepts of capital structure and to cast attention on some still growing areas of research. … the book has the noteworthy merit of keeping a balance between theory and practice of firm’s financing choices, providing a useful overview for the interested reader of the modern state of capital structure theory.” (Anna Maria C. Menichini, Journal of Economics, Vol. 122, 2017)