Modern Corporate Finance, Investments and Taxation - Peter Brusov, Tatiana Filatova, Natali Orekhova, Mukhadin Eskindarov

Modern Corporate Finance, Investments and Taxation

Buch | Hardcover
XVI, 368 Seiten
2015 | 2015
Springer International Publishing (Verlag)
978-3-319-14731-4 (ISBN)
160,49 inkl. MwSt
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This monograph is devoted to the modern theory of capital cost and capital structure and its application to the real economy. In particular, it presents a possible explanation to the causes of global financial crisis. The authors of the book modify the theory of Nobel Prize winners Modigliani and Miller to describe an alternative theory of capital cost and capital structure that can be applied to corporations with arbitrary lifetime and investment projects with arbitrary duration. The authors illustrate their theory with examples from corporate practice and develop investment models that can be applied by companies in their financial operations.

Part I: Corporate Finance: Introduction.- Capital Structure: Modigliani-Miller Theory.- Modern Theory of Capital Cost and Capital Structure: Brusov-Filatova-Orekhova Theory (BFO Theory).- Bankruptcy of the Famous Tradeoff Theory.- New Mechanism of Formation of the Company Optimal Capital Structure, Different from Suggested by Trade Off Theory.- The Global Causes of Global Financial Crisis.- The Role of Taxing and Leverage in Evaluation of Capital Cost and Capitalization of the Company.- A Qualitatively New Effect in Corporate Finance: Abnormal Dependence of Equity Cost of Company on Leverage.- Inflation in Brusov-Filatova-Orekhova Theory and in Its Perpetuity Limit - Modigliani - Miller Theory.- Part II: Investments: A Portfolio of Two Securities.- Investment Models with Debt Repayment at the End of the Project and Their Application.- Influence of Debt Financing on the Efficiency of Investment Projects: The Analysis of Efficiency of Investment Projects within the Perpetuity (Modigliani-Miller) Approximation.- The Analysis of the Exploration of Efficiency of Investment Projects of Arbitrary Duration (within Brusov-Filatova-Orekhova Theory).- Investment Models with Uniform Debt Repayment and Their Application.- Whether It Is Possible to Increase Taxing and Conserve a Good Investment Climate in the Country?- Whether It Is Possible to Increase the Investment Efficiency, Increasing Tax on Profit Rate? An Abnormal Influence of Growth of Tax on Profit Rate on the Efficiency of the Investment.- Optimizing of the Investment Structure of the Telecommunication Sector Company.- The Golden Age of the Company (Three Colors of Company's Time).- Conclusion.

Erscheint lt. Verlag 24.6.2015
Zusatzinfo XVI, 368 p. 44 illus., 24 illus. in color.
Verlagsort Cham
Sprache englisch
Maße 155 x 235 mm
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Betriebswirtschaft / Management Unternehmensführung / Management
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
Schlagworte arbitration • Capital Cost • capital structure • Corporate Finance • Corporate investment
ISBN-10 3-319-14731-5 / 3319147315
ISBN-13 978-3-319-14731-4 / 9783319147314
Zustand Neuware
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