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This book on corporate finance systemically integrates firms' approach toward the market, the value fundamentals of investors, and the pricing dynamics of financial markets. The reader is first introduced to an illustration and analysis of some of the main models used in corporate finance and in...
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This paper explores the impact of risky asset holdings by U.S. nonfinancial firms. From the early 1990s to 2017, the share of risky securities surged from 28% to over 40% of firms' financial assets. Using a business-cycle heterogeneous firms model, I show that declining real interest rates since...
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in die Module „Budgeting“, „Unternehmensfinanzierung“ und „Kapitalstruktur“. In der Neuauflage wurden die Inhalte …
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This paper examines the dynamics trade-off financial structure in presence of ownership dispersion of newly created firms. Our objective is to test empirically the relevance of trade-off theory regards the debt funding behavior of business start-up. We use a sample of 200 business start-ups and...
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Stahlindustrie auf Basis von Finanzkennzahlen -- Methodisch-konzeptionelle Grundlagen zu den eingesetzten Arbeitstechniken und … Hypothesen zu Übernahmen und Fusionen -- Identifizierung von Akquisezielen in der deutschen Stahlindustrie. … die Stahlindustrie Gültigkeit besitzen. Er zeigt außerdem auf, wie Prognosemodelle zur Ermittlung unternehmensspezifischer …
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