Articles
Vol. 1 No. 1 (2021)
Corporate Finance - Two Approaches
Abstract
This paper presents an overview of the normative and descriptive approaches to corporate finance. Particular attention is paid to the descriptive approach, namely empirical finance, which is connected with the widespread use of information technology and access to a large volume of financial data. Through empirical financial analysis constant progress is being made as regards the verification of the assumptions and conclusions which stem from neoclassical concepts. However, empirical studies in the area of corporate finance require proper preparation in respect of such econometric methods. (original abstract)
References
- Copeland, T.E., Antikarov, V., 2001, Real Options. A Practitionre's Guide, Texere.
- Copeland, T.E., Weston, L.F., Shastri K., 2004, Financial Theory and Corporate Policy, Addison Wesley Publishing Company.
- Czapiewski, L., Jewartowski, T., Kałdoński, M., Mizerka, J., 2012, Determinanty natychmiastowych stóp zwrotu z akcji spółek Skarbu Państwa dokonujących pierwotnych ofert publicznych, maszynopis.
- Eckbo, B.E., 2007, Handbook of Corporate Finance. Empirical Corporate Finance, t. 1, North Holland.
- Gurgul, H., 2006, Analiza zdarzeń na rynkach akcji, WoltersKluwer, Warszawa.
- Jensen, M.C., Meckling, W.H., 1976, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics, October, vol. 3, no. 4.
- Jewartowski, T., Kałdoński, M., 2013, Capital Structure and Corporate Control in Family Firms when Dual-class Shares are Restricted, maszynopis.
- Kubiak, J., 2013, Zjawisko asymetrii informacji a struktura kapitału przedsiębiorstw w Polsce, Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu, Poznań.
- Leland, H.E., Pyle, D.H., 1977, Informational Asymmetries, Financial Structure and Financial Intermediation, The Journal of Finance vol. XXXII, no. 2.
- Lizińska, J., 2009, Wpływ sekurytyzacji aktywów na wartość rynkową przedsiębiorstwa, praca doktorska na Uniwersytecie Ekonomicznym w Poznaniu.
- Mizerka, J., Stróżyńska, A., 2013, Factors Influencing the Use of Derivatives in Poland, referat na Global Finance Conference, Monterey, Kalifornia, USA, 20-22.
- Modigliani, F., Miller, M.H., 1958, The Cost of Capital, Corporation Finance and the Theory of Investment, American Economic Review, vol. 48 (June).
- Ross, S., 1977, The Determination of Financial Structure: the Incentive Signalling Approach, The Bell Journal of Economics, no. 4.
- Spremann, K, 2010, Old and New Financial Paradigms, w: Eilenberger, G. (ed.), Current Challenges for Corporate Finance: a Strategic Perspective, Springer-Verlag BerlinHeidelberg.
- Zingales, L., 2000, In Search of New Foundations, Journal of Finance, vol. LV, no. 4.
Downloads
Download data is not yet available.
