1. The measurement of returns on bonds, equities and other financial instruments -- 2. The relationship between risk and return -- 3. Alternative approaches to the relationship between risk and return -- 4. Returns and the capital structure of the firm -- 5. The relationship between equity...

Frontmatter -- CONTENTS -- LIST OF FIGURES -- LIST OF TABLES -- PREFACE -- CHAPTER 1. LEARNING TO SEE, TO ADAPT TO, AND TO VALUE UNCERTAINTY -- PART I. LEARNING TO SEE UNCERTAINTY -- CHAPTER 2. HOW TO DE-BIAS VALUATION OVER THE CYCLE -- CHAPTER 3. PLAYING AT SERIAL ACQUISITIONS: THE CASE OF...

Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes...

Frontmatter -- Contents -- Preface -- Part I. Introduction -- Chapter 1. A New View of Investment -- Chapter 2. Developing the Concepts Through Simple Examples -- Part II. Mathematical Background -- Chapter 3. Stochastic Processes and Ito's Lemma -- Chapter 4. Dynamic Optimization under...