Dynamical Corporate Finance: An Equilibrium Approach – Ebook

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.

Book details

• Author: Umberto Sagliaschi; Roberto Savona
• Publisher: Springer
• eText ISBN: 9783030778538
• Print ISBN: 9783030778521
• Format: Reflowable Layout
• Language: en
• Copyright: 2021

Important Notice:

• Every item offered through our website is a digital e-book available in PDF or EPUB format. We do not ship or provide any physical books.
• Please make sure you understand the nature of your purchase before placing an order. Once the digital file has been delivered or accessed, refunds are only available in cases of technical problems.