Dynamical corporate finance : an equilibrium approach / Umberto Sagliaschi, Roberto Savona.

The 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-sectio...

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Bibliographic Details
Main Authors: Sagliaschi, Umberto, Savona, Roberto (Author)
Format: eBook
Published: Cham, Switzerland : Springer, 2021.
Series:Contributions to finance and accounting,
Online Access:Click for online access