Financial innovation can drive social, economic, and environmental change, transforming ideas into new technologies, industries, and jobs. But when it is misunderstood or mismanaged, the consequences can be severe. In this practical, accessible book, two leading experts explain how sophisticated capital structures can enable companies and individuals to raise funding in larger amounts for longer terms and at lower cost--accomplishing tasks that would otherwise be impossible.
The authors recount the history and basic principles of financial innovation, showing how new instruments have evolved, and how they have been used and misused. They thoroughly demystify complex capital structures, offering a practical toolbox for entrepreneurs, corporate executives, and policymakers. Shows how modern financial instruments and capital structures can be used to expand prosperity and unleash valuable new ideas.
Explains how financial innovation can go wrong, and how to keep that from happening.
Helps entrepreneurs, development specialists, and policymakers develop realistic financial strategies for raising more capital at better terms with lower cost.
The authors recount the history and basic principles of financial innovation, showing how new instruments have evolved, and how they have been used and misused. They thoroughly demystify complex capital structures, offering a practical toolbox for entrepreneurs, corporate executives, and policymakers. Shows how modern financial instruments and capital structures can be used to expand prosperity and unleash valuable new ideas.
Explains how financial innovation can go wrong, and how to keep that from happening.
Helps entrepreneurs, development specialists, and policymakers develop realistic financial strategies for raising more capital at better terms with lower cost.