书目名称 | Generalized Modigliani–Miller Theory |
副标题 | Applications in Corp |
编辑 | Peter Brusov,Tatiana Filatova,Natali Orekhova |
视频video | |
概述 | Discusses the generalization of the Modigliani–Miller theory.Introduces new versions of the Modigliani–Miller theory that are suitable for use in financial practice.Includes case studies on business v |
丛书名称 | Contributions to Finance and Accounting |
图书封面 |  |
描述 | .The original theory of capital cost and capital structure put forward by Nobel Prize Winners Modigliani and Miller has since been modified by many authors, and this book discusses some of them. The book’s authors have created general theory of capital cost and capital structure – the Brusov–Filatova–Orekhova (BFO) theory, which generalizes the Modigliani–Miller theory to encompass companies of an arbitrary age (and arbitrary lifetime). Despite the availability of this more general theory, the classical Modigliani–Miller theory is still widely used in practice. In this book, the authors for the first time generalize it for cases of practical relevance: for the case of variable profit; for the case of advance tax-on-profit payments and interest on debt payments; for the case of several tax-on-profit and interest on debt payments per period; and for the combination of all three effects. These generalizations lead to valuable theoretical results as well as significantly widen of practical application this theory in practice and increase of the quality of finance management of the company. As well, the book investigates the applications of said results in corporate finance, investments |
出版日期 | Book 2022 |
关键词 | Corporate Finance; Ratings; Auditing; Taxation; Investment |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-030-93893-2 |
isbn_softcover | 978-3-030-93895-6 |
isbn_ebook | 978-3-030-93893-2Series ISSN 2730-6038 Series E-ISSN 2730-6046 |
issn_series | 2730-6038 |
copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |