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Dynamical Corporate Finance

An Equilibrium Approach

Produktform: E-Buch Text Elektronisches Buch in proprietärem

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.weiterlesen

Dieser Artikel gehört zu den folgenden Serien

Elektronisches Format: PDF

Sprache(n): Englisch

ISBN: 978-3-030-77853-8 / 978-3030778538 / 9783030778538

Verlag: Springer International Publishing

Erscheinungsdatum: 29.07.2021

Seiten: 201

Autor(en): Umberto Sagliaschi, Roberto Savona

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