Financial architecture

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// European Financial Management, 1999. – Vol. 5 – P.133-141
Key words: financial structure, high-tech firms, conglomerates, LBOs.
This paper proposes a new approach to the study of corporate finance based on the concept of the financial architecture of the company. Determined that the financial architecture means the entire financial design of the business, including ownership (e.g. concentrated vs. dispersed), the legal form of organization (e.g.corporation vs. limited-life partnership), incentives, financing and allocation of risk.
Статья известного американского экономиста о концепции финансовой архитектуры компании. Ключевые слова: финансовая структура, хай-тек фирмы, конгломераты, долговое финансирование.

Author(s): Myers S.

Language: English
Commentary: 1057715
Tags: Финансово-экономические дисциплины;Финансы предприятий