Can Managerial Discretion Explain Observed Leverage Ratios?
Language: en
Pages: 33
Authors: Erwan Morellec
Categories:
Type: BOOK - Published: 2005 - Publisher:

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This paper analyzes the impact of managerial discretion and corporate control mechanisms on leverage and firm value within a contingent claims model where the m
Theories of Optimal Capital Structure
Language: en
Pages: 35
Authors: Oliver Hart
Categories:
Type: BOOK - Published: 2008 - Publisher:

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In the thirty or so years since the Modigliani-Miller theorem, scholars have worked to relax the theorem's assumptions in order to obtain a better understanding
Capital Structure and Corporate Financing Decisions
Language: en
Pages: 504
Authors: H. Kent Baker
Categories: Business & Economics
Type: BOOK - Published: 2011-03-31 - Publisher: John Wiley & Sons

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A comprehensive guide to making better capital structure and corporate financing decisions in today's dynamic business environment Given the dramatic changes th
Handbook of Empirical Corporate Finance SET
Language: en
Pages: 1137
Authors: Bjørn Espen Eckbo
Categories: Business & Economics
Type: BOOK - Published: 2008-12-23 - Publisher: Elsevier

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This two-volume set summarizes recent research on corporate decision-making. The first volume covers measurement and theoretical subjects as well as sources of
World Scientific Reference On Contingent Claims Analysis In Corporate Finance (In 4 Volumes)
Language: en
Pages: 2039
Authors: Michel Crouhy
Categories: Business & Economics
Type: BOOK - Published: 2019-01-21 - Publisher: World Scientific

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Black and Scholes (1973) and Merton (1973, 1974) (hereafter referred to as BSM) introduced the contingent claim approach (CCA) to the valuation of corporate deb