Coverart for item
The Resource Continuous-time models in corporate finance, banking, and insurance, Santiago Moreno-Bromberg & Jean-Charles Rochet

Continuous-time models in corporate finance, banking, and insurance, Santiago Moreno-Bromberg & Jean-Charles Rochet

Label
Continuous-time models in corporate finance, banking, and insurance
Title
Continuous-time models in corporate finance, banking, and insurance
Statement of responsibility
Santiago Moreno-Bromberg & Jean-Charles Rochet
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
"Continuous-Time Models in Corporate Finance synthesizes four decades of research to show how stochastic calculus can be used in corporate finance. Combining mathematical rigor with economic intuition, Santiago Moreno-Bromberg and Jean-Charles Rochet analyze corporate decisions such as dividend distribution, the issuance of securities, and capital structure and default. They pay particular attention to financial intermediaries, including banks and insurance companies. The authors begin by recalling the ways that option-pricing techniques can be employed for the pricing of corporate debt and equity. They then present the dynamic model of the trade-off between taxes and bankruptcy costs and derive implications for optimal capital structure. The core chapter introduces the workhorse liquidity-management model--where liquidity and risk management decisions are made in order to minimize the costs of external finance. This model is used to study corporate finance decisions and specific features of banks and insurance companies. The book concludes by presenting the dynamic agency model, where financial frictions stem from the lack of interest alignment between a firm's manager and its financiers. The appendix contains an overview of the main mathematical tools used throughout the book. Requiring some familiarity with stochastic calculus methods, Continuous-Time Models in Corporate Finance will be useful for students, researchers, and professionals who want to develop dynamic models of firms' financial decisions."--
Assigning source
Provided by publisher
Cataloging source
IDEBK
http://library.link/vocab/creatorName
Moreno-Bromberg, Santiago
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
Rochet, Jean-Charles
http://library.link/vocab/subjectName
  • Corporations
  • Options (Finance)
  • Banks and banking
  • Stochastic models
  • Corporations
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • Stochastic models
  • Corporations
  • Banks and banking
  • Corporations
  • Options (Finance)
  • Stochastisches Modell
  • Finanzmathematik
  • Finanzierung
Label
Continuous-time models in corporate finance, banking, and insurance, Santiago Moreno-Bromberg & Jean-Charles Rochet
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 198-206) and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Why is option pricing useful in corporate finance? -- The base liquidity-management model -- Equity issuance -- Applications to banking -- Applications to insurance -- Applications to investment -- Agency frictions -- Equilibrium models
Control code
on1013734080
Dimensions
unknown
Extent
1 online resource (xi, 209 pages)
Form of item
online
Isbn
9781400889204
Lccn
2017029691
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctvc61m4q
Specific material designation
remote
System control number
(OCoLC)1013734080
Label
Continuous-time models in corporate finance, banking, and insurance, Santiago Moreno-Bromberg & Jean-Charles Rochet
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 198-206) and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Why is option pricing useful in corporate finance? -- The base liquidity-management model -- Equity issuance -- Applications to banking -- Applications to insurance -- Applications to investment -- Agency frictions -- Equilibrium models
Control code
on1013734080
Dimensions
unknown
Extent
1 online resource (xi, 209 pages)
Form of item
online
Isbn
9781400889204
Lccn
2017029691
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctvc61m4q
Specific material designation
remote
System control number
(OCoLC)1013734080

Library Locations

    • Copley LibraryBorrow it
      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771354 -117.193327
Processing Feedback ...