國立虎尾科技大學 |

Dynamical Corporate Finance = An Equilibrium Approach /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Dynamical Corporate Finance/ by Umberto Sagliaschi, Roberto Savona.
其他題名:	An Equilibrium Approach /
作者:	Sagliaschi, Umberto.
其他作者:	Savona, Roberto.
面頁冊數:	VIII, 201 p. 1 illus.online resource. :
Contained By:	Springer Nature eBook
標題:	Capital Markets. -
電子資源:	https://doi.org/10.1007/978-3-030-77853-8
ISBN:	9783030778538

Dynamical Corporate Finance = An Equilibrium Approach /
Sagliaschi, Umberto.

Dynamical Corporate FinanceAn Equilibrium Approach /[electronic resource] :by Umberto Sagliaschi, Roberto Savona. - 1st ed. 2021. - VIII, 201 p. 1 illus.online resource. - Contributions to Finance and Accounting,2730-6046. - Contributions to Finance and Accounting,.

Chapter 1. Introduction -- Chapter 2. The Value of the Firm and its Securities -- Chapter 3. Borrowing Constraints, Debt Dynamics and Investment Decisions -- Chapter 4. Imperfect Competition, Working Capital and Tobin’s Q -- Chapter 5. Continuous Time Models, Unsecured Debt and Commitment -- Chapter 6. Dynamic Capital Structure without Commitment -- Chapter 7. Extensions.

The way in which leverage and its expected dynamics impact on firm valuation is very different from what is assumed by the traditional static capital structure framework. Recent work that allows the firm to restructure its debt over time proves to be able to explain much of the observed cross-sectional and time-series variation in leverage, while static capital structure predictions do not. The purpose of this book is to re-characterize the firm’s valuation process within a dynamical capital structure environment, by drawing on a vast body of recent and more traditional theoretical insights and empirical findings on firm evaluation, also including asset pricing literature, offering a new setting in which practitioners and researchers are provided with new tools to anticipate changes in capital structure and setting prices for firm’s debt and equity accordingly.

ISBN: 9783030778538

Standard No.: 10.1007/978-3-030-77853-8doiSubjects--Topical Terms:

1106532
Capital Markets.

LC Class. No.: HG4001-4285

Dewey Class. No.: 658.15

Dynamical Corporate Finance = An Equilibrium Approach /
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