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020 _a9783030778538
024 7 _a10.1007/978-3-030-77853-8
_2doi
040 _aES-VaU
_bspa
_cES-VaU
_dES-VaU
050 4 _aHG4001-4285
_b2021 EB
100 1 _aSagliaschi, Umberto.
_eautor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 0 0 _aDynamical Corporate Finance :
_bAn Equilibrium Approach
_cby Umberto Sagliaschi, Roberto Savona
250 _a1st ed. 2021.
264 1 _aCham
_c2021
_bSpringer International Publishing
300 _a1 recurso en línea
336 _atexto
_btxt
_2rdacontent
337 _aelectrónico
_bc
_2rdamedia
338 _arecurso electrónico
_bcr
_2rdacarrier
490 0 _aContributions to Finance and Accounting
_x2730-6046
505 0 _aChapter 1. Introduction -- Chapter 2. The Value of the Firm and its Securities -- Chapter 3. Borrowing Constraints, Debt Dynamics and Investment Decisions -- Chapter 4. Imperfect Competition, Working Capital and Tobin's Q -- Chapter 5. Continuous Time Models, Unsecured Debt and Commitment -- Chapter 6. Dynamic Capital Structure without Commitment -- Chapter 7. Extensions.
520 _aThe way in which leverage and its expected dynamics impact on firm valuation is very different from what is assumed by the traditional static capital structure framework. Recent work that allows the firm to restructure its debt over time proves to be able to explain much of the observed cross-sectional and time-series variation in leverage, while static capital structure predictions do not. The purpose of this book is to re-characterize the firm's valuation process within a dynamical capital structure environment, by drawing on a vast body of recent and more traditional theoretical insights and empirical findings on firm evaluation, also including asset pricing literature, offering a new setting in which practitioners and researchers are provided with new tools to anticipate changes in capital structure and setting prices for firm's debt and equity accordingly.
856 4 0 _uhttps://go.openathens.net/redirector/universidadeuropea.es?url=https://doi.org/10.1007/978-3-030-77853-8
_zAcceso a este recurso digital (usuarios Universidad Europea de Valencia)
942 _2lcc
_cLE
988 _aSpringer_Business_2021
999 _c239031
_d239031