Description

In this latest addition to collection of scholarly work, concerning capital investment strategy, capital structure and financial decisions, this text sets itself the aim of providing guidance to academia and practitioners in the form of financial principles that contribute to better understanding of financing practices of large construction firms in developing countries. This work commences with a general overview of the theories, tools and techniques and builds up an approach based on elements of core principles of finance. The text has substantially extended and updated the review of empirical work contained in finance literature and sets the pace by outlining three main theoretical strands of literature on firm size and provision of finance, financing preferences of firms and variables that implicate financial conditions and decisions of firms. The interaction of these strands of literature contributes to better understanding of financing practices of construction firms. The text has six concise chapters, which is considerably more discursive in nature, and explores the determinants of financing strategy and capital structure.