Corporate finance is the area of finance that studies the determinants of firms' values, including capital structure, financing, and investment decisions. This book focuses on the theoretical foundations of the subject at the PhD level. Each chapter includes exercises that vary in difficulty, with suggested solutions provided in an appendix.
Coroporate finance is the area of finance that studies the determinants of firms' values, including capital structure, financing, and investment decisions. Although there are several excellent texts in corporate finance, this one focuses on the theoretical foundations of the subject in a consistent and integrated way at the PHD level. In addition to a textbook for advanced graduate students, it can aslso serve as a general reference to researchers and sophisticated practitioners. The material presented is carefully selected with an eye to what is essential to understanding the underlying theory, ensuring that this text should remain useful for years to come. The book is divided into three parts. The first section presents the basic principles of valuation based on the absence of arbitrage, including a discussion of the determinants of the optimal capital structure based on the seminal results of Modigliani and Miller. The second section discusses the implications of agency problems and information asymmetries to capital structure, giving particular attention to payout policy and to debt contract design.The concluding portion presents different ways of restructuring capital, includ
Coroporate finance is the area of finance that studies the determinants of firms' values, including capital structure, financing, and investment decisions. Although there are several excellent texts in corporate finance, this one focuses on the theoretical foundations of the subject in a consistent and integrated way at the PHD level. In addition to a textbook for advanced graduate students, it can aslso serve as a general reference to researchers and sophisticated practitioners. The material presented is carefully selected with an eye to what is essential to understanding the underlying theory, ensuring that this text should remain useful for years to come. The book is divided into three parts. The first section presents the basic principles of valuation based on the absence of arbitrage, including a discussion of the determinants of the optimal capital structure based on the seminal results of Modigliani and Miller. The second section discusses the implications of agency problems and information asymmetries to capital structure, giving particular attention to payout policy and to debt contract design.The concluding portion presents different ways of restructuring capital, includ
Game-theoretic probability and finance come of age Glenn Shafer and Vladimir Vovk’s Probability and Finance, published in 2001, showed that perfect-information games can be used to define...
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and...
Written by William Henry Lough, a prominent early 20th century economist, this book is a definitive guide to the principles and methods of modern corporate finance. Lough covers a wide range of...
The book that fills the practitioner need for a distillation of the most important tools and concepts of corporate finance In today's competitive business environment, companies must find innovative...
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