Modern Corporate Finance, Investments, Taxation and Ratings

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Springer


Paru le : 2018-11-11

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Description

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.This updated second edition includes new chapters devoted to the application of the BFO theory in ratings, banking and other areas. The authors alsoprovide a new approach to rating methodology highlighting the need for including financial flow discounting, the incorporation of rating parameters (in particular, financial ratios) into the modern theory of capital structure - BFO theory. This book aims to change our understanding of corporate finance, investments, taxation and rating procedures. The authors emphasize that the most used principles of financial management should be changed in accordance to BFO theory.


Pages
571 pages
Collection
n.c
Parution
2018-11-11
Marque
Springer
EAN papier
9783319996851
EAN PDF
9783319996868

Informations sur l'ebook
Nombre pages copiables
5
Nombre pages imprimables
57
Taille du fichier
28918 Ko
Prix
137,79 €
EAN EPUB
9783319996868

Informations sur l'ebook
Nombre pages copiables
5
Nombre pages imprimables
57
Taille du fichier
39711 Ko
Prix
137,79 €

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