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Modern Corporate Finance, Investments and Taxation
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Product Details
This monograph is devoted to the modern theory of capital cost and capital structure and its application to the real economy. In particular, itpresents a possibleexplanation to the causes of global financial crisis. The authors of the bookmodify the theory of Nobel Prize winners Modigliani and Miller todescribe an alternative theory of capital cost and capital structure that can be applied tocorporations with arbitrary lifetime and investment projects with arbitrary duration. The authorsillustrate their theorywithexamples fromcorporate practiceand develop investment models that can be applied by companies in their financial operations.
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