Dynamical corporate finance: an equilibrium approach

By:

Sagliaschi, Umberto

Contributor(s):

Savona, Roberto

Material type: Text

TextSeries: Contributions to Finance and Accounting (CFA)Publication details: Springer Cham 2021Description: viii, 201 pISBN:

9783030778552

Subject(s):

DDC classification:

658.15 SAG

Summary: 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. (https://link.springer.com/book/10.1007/978-3-030-77853-8#about-this-book)

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Finance & Accounting	658.15 SAG (Browse shelf(Opens below))	1	Available		005631

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.

(https://link.springer.com/book/10.1007/978-3-030-77853-8#about-this-book)

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