Cantitate/Preț
Produs

Corporate Financial Decisions and Market Value: Studies on Dividend Policy, Price Volatility, and Ownership Structure: Contributions to Management Science

Autor Giovanni Marseguerra
en Limba Engleză Paperback – 5 noi 1997
How do managers of a firm choose between alternative finan­ cial policies? Can the choice of a particular financial policy affect the value of the firm? Since the early 1960s, the debate on these questions has been lively and interesting as economists have inves­ tigated the effect on the value of the firm of relaxing the various assumptions in the celebrated Modigliani-Miller theory. Further­ more, even if we stick to the MM-assumptions (that is, we assume perfect and complete capital markets, no taxes and symmetric information), and we therefore know that only optimally chosen investments determine firm's value, another interesting question arises: How does the structure of ownership affect investment de­ cisions (and, in turn, values)? This research monograph attempts to analyze some of the issues involved in this debate. It belongs to the area of mathematical economics and is intended to appeal to mathematical economists as well as economists and mathemati­ cians. It is meant to deal with economically relevant problems in a mathematically adequate way. To decide whether or not it succeeds in this task, it is up to the reader. I am greatly indebted to Dr. Margaret Bray for her supervi­ sion of my PhD thesis in Economics at the London School of Eco­ nomics from which this book resulted. She helped me as friend and adviser through many struggles in the last three years and invested a great amount of work in this thesis.
Citește tot Restrânge

Din seria Contributions to Management Science

Preț: 62311 lei

Preț vechi: 73308 lei
-15% Nou

Puncte Express: 935

Preț estimativ în valută:
11925 12387$ 9905£

Carte tipărită la comandă

Livrare economică 01-15 februarie 25

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9783790810479
ISBN-10: 3790810479
Pagini: 192
Ilustrații: VIII, 181 p.
Dimensiuni: 155 x 235 x 10 mm
Greutate: 0.3 kg
Ediția:Softcover reprint of the original 1st ed. 1998
Editura: Physica-Verlag HD
Colecția Physica
Seria Contributions to Management Science

Locul publicării:Heidelberg, Germany

Public țintă

Research

Cuprins

I — Markets and Information.- 1 The Information Content of Dividends.- 2 An Application of the Kalman Filter.- 3 The Effect of Publicly Available Information.- II — Managers and Stock Price.- 4 Dividend Policy and Stock Price Volatility.- 5 Volatility of Prices and Volatility of Dividends.- 6 A General Framework for the Variance Bounds Inequality.- III — Ownership Structure and Investments.- 7 Value, Ownership, and Equity Linkages.- 8 Corporate Grouping and Resource Allocation.- 9 Ownership and Investments: A Numerical Example.- 10 Ownership Concentration and Corporate Control.- 11 Large Investor Activism and Corporate Monitoring.- References.