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Modern Corporate Finance, Investments, Taxation and Ratings

Modern Corporate Finance, Investments, Taxation and Ratings

Hardcover

Investing & FinanceManagement

ISBN10: 3319996851
ISBN13: 9783319996851
Publisher: Springer
Published: Nov 22 2018
Pages: 571
Weight: 2.22
Height: 1.31 Width: 6.14 Depth: 9.21
Language: English

This monograph is devoted to a modern theory of capital cost and capital structure created by this book's authors, called the Brusov-Filatova-Orekhova (BFO) theory, and its application to the real economy. BFO theory promises to replace the traditional theory of capital cost and capital structure by Nobel laureates Modigliani and Miller. This new theory in particular, presents a possible explanation to the causes of the recent global financial crisis. The authors of the book describe the general theory of capital cost and capital structure that can be applied to corporations of arbitrary age (or with arbitrary lifetime) and investment projects with arbitrary duration. The authors illustrate their theory with examples from corporate practice and develop investment models that can be applied by companies in their financial operations.

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