000 01614nam a22002297a 4500
005 20240207192155.0
008 240207b |||||||| |||| 00| 0 eng d
020 _a9783030778552
082 _a658.15
_bSAG
100 _aSagliaschi, Umberto
_914071
245 _aDynamical corporate finance:
_ban equilibrium approach
260 _bSpringer
_aCham
_c2021
300 _aviii, 201 p.
365 _aEURO
_b119.99
490 _aContributions to Finance and Accounting (CFA)
520 _aThe 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. (https://link.springer.com/book/10.1007/978-3-030-77853-8#about-this-book)
650 _aCorporate finance
_915381
650 _aValuation
_915382
650 _aFinancial policies
_915383
700 _aSavona, Roberto
_915384
942 _cBK
_2ddc
999 _c5804
_d5804