When firms are able to pledge their assets as collateral, investment and borrowing become endogenous: pledgeable assets support more borrowings that in turn allow for further investment in pledgeable assets. We show that this credit multiplier has an important impact on investment when firms...

This book provides accounting students in post-secondary institutions with an advanced level understanding of how to use MS-Excel to make business decisions. It reflects real-life applications of this important analytical tool, which has become the accepted industry standard for spreadsheet...

Corporate financial management is the catalyst for strengthening financial information about an organization and improving financial policies and strategies for the profitability of the enterprise. Improving the usefulness of financial data requires the understanding and application of...

Cover -- Title Page -- Copyright -- Contents -- About the Editor -- About the Contributors -- Chapter 1 Introduction -- 1.1 Extremes -- 1.2 History -- 1.3 Extreme value theory -- 1.4 Statistical estimation of extremes -- 1.5 Applications in finance -- 1.6 Practitioners' points of view -- 1.7 A...

Cover -- Half Title -- Title -- Copyright -- Contents -- List of Figures -- List of Tables -- 1 The Fundamental Principles of Finance -- The Three Fundamental Principles of Finance -- The Three Precepts -- Differentiating Between the Principles and the Precepts -- Making Use of the Principles...