Financial Theory and Corporate Policy
A recognized classic, Financial Theory and Corporate Policy is thoroughly updated in this third edition. The authors provide a concise, unified treatment of finance, combining theory, empirical evidence, and applications. Recent major contributions in financial literature are discussed and all current literature is summarized. The book provides MBA and doctoral students with an excellent bridge to prevailing scholarship in finance.
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THE THEORY OF FINANCE
Consumption and investment with capital markets 9 Marketplaces
and transactions costs 12 Transactions costs and the breakdown of separation
50 other sections not shown
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abnormal returns acquiring firms analysis arbitrage assume assumptions beta bond call option capital budgeting capital gains capital markets capital structure CAPM cash flows Chapter common stock conglomerate mergers consumption corporate cost of capital cost of equity covariance dividend payout dividend policy dollar effect end-of-period equal equation equilibrium estimate example exchange rate exercise price expected return expected utility Financial Economics firm's future income increase indifference curve individual interest rate investors Journal of Finance lease leverage marginal market line market portfolio market value matrix maturity opportunity set optimal option pricing payments payoffs period positive premium present value problem pure securities rate of return ratio repurchase risk aversion risk-free rate risky assets shareholders standard deviation stochastic dominance stock price systematic risk Table tax rate tender offer theory utility function valuation variable variance wealth weighted average cost zero