By L. Renneboog
Bargains with the effectiveness of particular company governance units and alterations in capital constitution and threat administration.
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Additional info for Advances in Corporate Finance and Asset Pricing
5. Asset Pricing and Monetary Economics In Chapter 18, de Goeij makes a case for the importance of fixed-income securities in the investment portfolios of individuals, pension funds, insurance companies and mortgage banks. The author intends to provide a better understanding of the types of fixed-incomerelated risks. In addition, he deals with the price determination of assets, which are combinations of fixed-income securities and derivatives (bond options, interest rate swaps, interest swaptions, caps and floors).
G. some Modigliani and Miller’s irrelevance theorems, costs and benefits of debt and equity financing): the optimal debt ratio minimizes the cost of the capital. In Chapter 14, Kabir connects to the previous chapter as he studies the capital structure of modern-listed Dutch firms. ” The internal source of financing is retaining earnings while the external ones consist of private sources like bank loans and private placements, or public sources like the issue of new securities in domestic and foreign capital markets.
He also concentrates on how central banks should deal with financial imbalances and boom–bust cycles in asset prices within the low-inflation environment and how central banks should reconcile monetary and financial stability. Sijben also takes part in the academic debate about an ex ante versus an ex post intervention of the central bank in order to mitigate an asset-bubble and emphasizes the crucial role of an early warning system in the monetary policy framework with regard to building up financial imbalances.
Advances in Corporate Finance and Asset Pricing by L. Renneboog