Dynamical Corporate Finance

An Equilibrium Approach

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Éditeur :

Springer


Paru le : 2021-07-29



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Description

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.
Pages
201 pages
Collection
n.c
Parution
2021-07-29
Marque
Springer
EAN papier
9783030778521
EAN PDF
9783030778538

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
20
Taille du fichier
2611 Ko
Prix
126,59 €
EAN EPUB
9783030778538

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
20
Taille du fichier
8673 Ko
Prix
126,59 €

Umberto Sagliaschi is Head of Equity Investments (Open-End Funds), at Quaestio Capital SGR SpA, where he is responsible for bottom-up equity strategies. He started his career as analyst for Eni SpA, and then joined Quaestio Capital in 2014 as equity analyst.


Roberto Savona is Associate Professor of Banking and Finance at the Department of Economics and Management, University of Brescia, Italy. His research has appeared in finance and economics journals, such as European Journal of Finance, European Journal of Operational Research, Journal of Financial Econometrics, Oxford Bulletin of Economics and Statistics, PLoS ONE, Quantitative Finance. He currently serves as an Academic Editor of PLoS ONE. 


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