Pricing corporate securities as contingent claims /

An examination of the relative value of securities in a corporation's capital structure, using the concept of contingent value analysis. In 1973, Fischer Black, Myron Scholes, and Robert Merton pointed out that securities issued by a corporation can be priced as claims whose values are continge...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Garbade, Kenneth D.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, Mass. : MIT Press, ©2001.
Temas:
Securities > Prices > Mathematical models.
Investment analysis > Mathematical models.
Valeurs mobilières > Prix > Modèles mathématiques.
Analyse financière > Modèles mathématiques.
BUSINESS & ECONOMICS > Investments & Securities > General.
Investment analysis > Mathematical models
Securities > Prices > Mathematical models
Aandelen.
Prijzen (economie)
Econometrische modellen.
ECONOMICS/Finance
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 1. Introduction, Overview, and Assumptions
  • I. Basic Concepts. 2. The Contingent Value of Debt and Equity. 3. Senior and Subordinated Debt. 4. Institutional and Empirical Characteristics of Bankruptcy. 5. Bankruptcy Costs and Violations of the Absolute Priority Rule
  • II. Securities with Call and Conversion Options. 6. Callable Debt. 7. Early Redemption of Callable Debt. 8. Convertible Debt. 9. Conversion Forcing Calls of Convertible Debt. 10. Warrants
  • III. Payments to Creditors at Different Times. 11. Multiple Debt Securities. 12. Coupon-Bearing Debt. 13. Pay-in-Kind Bonds
  • IV. Dividends and Other Discretionary Distributions to Shareholders. 14. Dividend-Paying Stock. 15. Optimal Dividend Policy. 16. Empirical Characteristics of Corporate Dividend Policy. 17. Leveraged Recapitalizations. 18. Spin-offs
  • V. Assessing the Methodology. 19. Empirical Tests of Contingent Value Models. 20. Managerial Discretion and Implicit Management Options.

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