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Capital and New Issue Markets

In: Quantitative Corporate Finance

Author

Listed:
  • John B. Guerard

    (McKinley Capital Management, Inc.)

  • Eli Schwartz

    (Lehigh University)

Abstract

The essential advantage of the corporation over other forms of business organization lies in its ability to bring together large amounts of capital. This is especially true of those corporations, which are publicly held or widely held 1 The small family-held, closely held, or closed corporation has basically the same financial sources as other business forms, i.e. trade credit, the banks, and the resources of family and friends willing to invest in the business. A widely held corporation, although it will also finance through trade creditors and banks, has the additional ability to tap the flow of investment funds available in the security markets, the market for stocks and bonds.

Suggested Citation

  • John B. Guerard & Eli Schwartz, 2007. "Capital and New Issue Markets," Springer Books, in: Quantitative Corporate Finance, chapter 0, pages 123-156, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-34465-2_7
    DOI: 10.1007/978-0-387-34465-2_7
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