Why firms need funds at certain episodic events

A related aspect was that firms need funds at certain episodic events like merger, reorganization, liquidation and soon. A detailed description of these key events constituted the second element of the scope of this branch of academic study. That these were the broad aspects of the subject-matter of corporation finance is expressively reflected in the academic writings around the period during which traditional approach dominated academic thinking. Therefore, the issue to which literature on finance addressed itself was how resources could best be raised from combination of available sources.