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  • Dynamical Corporate Finance

    An Equilibrium Approach

    by Umberto Sagliaschi, Roberto Savona ...
    Series series Business and Management (R0)
    The way in which leverage and its expected dynamics impact on firm valuation is very different from what is assumed by the traditional static capital structure framework. Recent work that allows the firm to restructure its debt over time proves to be able to explain much of the observed cross-sectional and time-series variation in leverage, while static capital structure predictions do not. The ... Read more

    $116.99 USD