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Continuous-Time Models in Corporate Finance, Banking, and Insurance : A User's Guide /
"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...
| Autores principales: | , |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton :
Princeton University Press,
2018.
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| Colección: | Book collections on Project MUSE.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 008 | 171201t20182018nju o 00 0 eng d | ||
| 020 | |a 9781400889204 | ||
| 020 | |z 9780691176529 | ||
| 035 | |a (OCoLC)1132669850 | ||
| 040 | |a MdBmJHUP |c MdBmJHUP | ||
| 100 | 1 | |a Moreno-Bromberg, Santiago, |e author. | |
| 245 | 1 | 0 | |a Continuous-Time Models in Corporate Finance, Banking, and Insurance : |b A User's Guide / |c Santiago Moreno-Bromberg & Jean-Charles Rochet. |
| 264 | 1 | |a Princeton : |b Princeton University Press, |c 2018. | |
| 264 | 3 | |a Baltimore, Md. : |b Project MUSE, |c 2020 | |
| 264 | 4 | |c ©2018. | |
| 300 | |a 1 online resource (176 pages). | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 505 | 0 | |a Why is option pricing useful in corporate finance? -- The base liquidity-management model -- Equity issuance -- Applications to banking -- Applications to insurance -- Applications to investment -- Agency frictions -- Equilibrium models. | |
| 520 | |a "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."-- |c Provided by publisher | ||
| 588 | |a Description based on print version record. | ||
| 650 | 7 | |a Finanzierung |2 gnd | |
| 650 | 7 | |a Finanzmathematik |2 gnd | |
| 650 | 7 | |a Stochastisches Modell |2 gnd | |
| 650 | 7 | |a Options (Finance) |2 fast |0 (OCoLC)fst01046893 | |
| 650 | 7 | |a Corporations |x Finance. |2 fast |0 (OCoLC)fst00879841 | |
| 650 | 7 | |a Banks and banking. |2 fast |0 (OCoLC)fst00826867 | |
| 650 | 7 | |a Corporations |x Finance |x Mathematical models. |2 fast |0 (OCoLC)fst00879860 | |
| 650 | 7 | |a Stochastic models. |2 fast |0 (OCoLC)fst01737780 | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Banks & Banking. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x Theory. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x General. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Corporate Finance. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Organizational Behavior. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Management Science. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Management. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Industrial Management. |2 bisacsh | |
| 650 | 6 | |a Modeles stochastiques. | |
| 650 | 6 | |a Options (Finances) | |
| 650 | 0 | |a Corporations |x Finance |x Mathematical models. | |
| 650 | 0 | |a Stochastic models. | |
| 650 | 0 | |a Banks and banking. | |
| 650 | 0 | |a Options (Finance) | |
| 650 | 0 | |a Corporations |x Finance. | |
| 655 | 7 | |a Electronic books. |2 local | |
| 700 | 1 | |a Rochet, Jean-Charles, |e author. | |
| 710 | 2 | |a Project Muse. |e distributor | |
| 830 | 0 | |a Book collections on Project MUSE. | |
| 856 | 4 | 0 | |z Texto completo |u https://projectmuse.uam.elogim.com/book/64618/ |
| 945 | |a Project MUSE - Custom Collection | ||
| 945 | |a Project MUSE - 2018 Political Science and Policy Studies Supplement | ||
| 945 | |a Project MUSE - 2018 Complete Supplement | ||