The theory of corporate finance JEAN TIROLE

Ngày tải lên: 23/11/2016, 12:45

... on the bank as a coalition of depositors, of Akerlof (1970) and Leland and Pyle (1977) on the bank as an information sharing coalition, and of Diamond (1984) on the bank as delegated ( ) monitor, ... by a further extension of the present theory, by the framework of the agency theory and the theory of asymmetric information The question goes into the...

Ngày tải lên: 24/10/2012, 09:11

... sureohp gr qrw h{lvw Wkh sk|vlfdo phfkdqlvpv gulylqj wkh sureohp duh vr frpsolfdwhg wkdw wkh gluhfw fdofxodwlrq ri wkh sureohp lv qrw ihdvleoh Wkhuh h{lvwv vrph edvlf lqghwhuplqdf| lq wkh sk|vlfdo zruog

Ngày tải lên: 12/12/2013, 04:15

... market offer a return of 7%, then Cost of capital = r = 7% 16 Valuing an Office Building Step 3: Discount future cash flows PV = C1 (1+r) = 400 (1+.07) = 374 Step 4: Go ahead if PV of payoff exceeds ... Investors Depositors Policyholders Investors Principles of Corporate Finance Brealey and Myers u Sixth Edition Present Value and The Opportunity Cost of Capital Chapter 11 Topi...

Ngày tải lên: 13/12/2013, 14:53

Ngày tải lên: 20/12/2013, 17:15

... sureohp gr qrw h{lvw Wkh sk|vlfdo phfkdqlvpv gulylqj wkh sureohp duh vr frpsolfdwhg wkdw wkh gluhfw fdofxodwlrq ri wkh sureohp lv qrw ihdvleoh Wkhuh h{lvwv vrph edvlf lqghwhuplqdf| lq wkh sk|vlfdo zruog

Ngày tải lên: 20/12/2013, 19:15

... Basics of Corporate Finance May 1994 Basics of Corporate Finance Warning These workbook and computer-based materials are the product of, and copyrighted by, Citibank ... TABLE OF CONTENTS (This page is intentionally blank) v-1.1 v05/15/94 p01/14/00 Introduction www.LisAri.com www.LisAri.com INTRODUCTION: BASICS OF CORPORATE FINANCE COURSE OVERVIEW Basics of Cor...

Ngày tải lên: 22/12/2013, 16:15

... Pt + C Pt R = the rate of return on the security Pt+1 = price of the security at time t+1, the end of the holding period Pt = price of the security at time t, the beginning of the holding period ... Rationale Behind the Theory Rof > R* ⇒ Pt ↑ ⇒ Rof ↓ Rof < R* ⇒ Pt ↓ ⇒ Rof ↑ until Rof = R* In an efficient market all unexploited profit opportunities will be elim...

Ngày tải lên: 05/01/2014, 16:56

... Investors Depositors Policyholders Investors Principles of Corporate Finance Brealey and Myers u Sixth Edition Present Value and The Opportunity Cost of Capital Chapter 11 Topics Covered w Present ... PV of C1 = $400 at 12% 400 PV = = 357 + 12 PV of C1 = $400 at 7% 400 PV = = 374 + 07 20 Rate of Return Rule w Accept investments that offer rates of return in excess of t...

Ngày tải lên: 17/01/2014, 02:20

... and the Philosophy of Karma, The Dark Magic of Darwinism, The Religion of Darwinism, The Collapse of the Theory of Evolution in 20 Questions, Engineering in Nature, Technology Mimics Nature, The ... problem lying beneath all these questions or THE COLLAPSE OF THE THEORY OF EVOLUTION IN 20 QUESTIONS objections is an insufficient knowledg...

Ngày tải lên: 19/01/2014, 09:20

... more frequently than theory of evolution” in the scientific literature Why does the phrase theory of evolution” appear nearly 16 times as frequently as theory of ecology” in the scientific literature ... eschew the phrase the theory of evolution.” Granted, evolution is a theoretically more cohesive field than ecology: Genes, the fundamental units of evolution, are un...

Ngày tải lên: 25/01/2014, 08:20

... Country of Incorporation of the Issuers in the Sample The table describes the country of incorporation of the issuers of all bonds in the sample and the occurrence of default since the issue of the ... classifications of these industries The rate of cases of default in this group (19.5 percent of the bonds and 26.3 percent of the firms) is great...

Ngày tải lên: 16/02/2014, 03:20