Brusov-Filatova-Orekhova Theory of Capital Structure (e-bog) af Orekhova, Natali
Orekhova, Natali (forfatter)

Brusov-Filatova-Orekhova Theory of Capital Structure e-bog

1167,65 DKK (inkl. moms 1459,56 DKK)
The book introduces  and discusses the modern theory of the cost of capital and capital structure - the BFO theory (Brusov-Filatova-Orekhova theory), which is valid for companies of arbitrary age and which replaced the theory of Nobel laureates Modigliani and Miller. The theory takes into account  the conditions faced by  companies operating in the real economy, such as revenue f...
E-bog 1167,65 DKK
Forfattere Orekhova, Natali (forfatter)
Forlag Springer
Udgivet 17 maj 2023
Genrer Finance and the finance industry
Sprog English
Format epub
Beskyttelse LCP
ISBN 9783031279294
The book introduces  and discusses the modern theory of the cost of capital and capital structure - the BFO theory (Brusov-Filatova-Orekhova theory), which is valid for companies of arbitrary age and which replaced the theory of Nobel laureates Modigliani and Miller. The theory takes into account  the conditions faced by  companies operating in the real economy, such as revenue fluctuations;  the arbitrary frequency of tax on profit payments (monthly, quarterly, semi-annual or annual payments), both for advance income tax payments and for payments at the end of the respective period; and the arbitrary frequency of interest on loans payments. The impact of these conditions on the company value, on the cost of raising capital, on the company's dividend policy and managerial decisions are discussed. The book subsequently develops new applications of the BFO theory in several areas such as corporate finance, corporate governance, investments, taxation, business valuations and ratings.