＜電子ブック＞
Continuous-time models in corporate finance, banking, and insurance / Santiago Moreno-Bromberg, Jean-Charles Rochet
| データ種別 | 電子ブック |
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| 出版者 | Princeton : Princeton University Press |
| 出版年 | [2018] |
| 本文言語 | 英語 |
| 大きさ | 1 online resource (224 pages) : illustrations |
目次／あらすじ
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| URL | 巻 次 | 配架場所 | 請求記号 | 登録番号 | 状 態 | コメント | ISBN | 刷 年 | 予約 |
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| URL | hardback | オンライン | EB00000037 | ProQuest EBook Central |
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| 一般注記 | Includes bibliographical references and index " Continuous-Time Models in Corporate Finance synthesizes four decades of research to show how stochastic calculus can be used in corporate finance. Combining mathematical rigor with economic intuition, Santiago Moreno-Bromberg and Jean-Charles Rochet analyze corporate decisions such as dividend distribution, the issuance of securities, and capital structure and default. They pay particular attention to financial intermediaries, including banks and insurance companies. The authors begin by recalling the ways that option-pricing techniques can be employed for the pricing of corporate debt and equity. They then present the dynamic model of the trade-off between taxes and bankruptcy costs and derive implications for optimal capital structure. The core chapter introduces the workhorse liquidity-management model--where liquidity and risk management decisions are made in order to minimize the costs of external finance. This model is used to study corporate finance decisions and specific features of banks and insurance companies. The book concludes by presenting the dynamic agency model, where financial frictions stem from the lack of interest alignment between a firm's manager and its financiers. The appendix contains an overview of the main mathematical tools used throughout the book. Requiring some familiarity with stochastic calculus methods, Continuous-Time Models in Corporate Finance will be useful for students, researchers, and professionals who want to develop dynamic models of firms' financial decisions. "-- Description based on print version record Electronic reproduction. Ann Arbor, MI : ProQuest, 2016. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries |
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| 著者標目 | Rochet, Jean-Charles Moreno-Bromberg, Santiago |
| 件 名 | LCSH:Corporations LCSH:Options (Finance) LCSH:Banks and banking. LCSH:Electronic books. |
| 分 類 | LCC:HG4026 DC:658.1501/515222 |
| 書誌ID | OB00000037 |
| ISBN | 9781400889204 |
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