The past twenty years have seen great theoretical and empirical
advances in the field of corporate finance. Whereas once the subject
addressed mainly the financing of corporations--equity, debt, and
valuation--today it also embraces crucial issues of governance,
liquidity, risk management, relationships between banks and
corporations, and the macroeconomic impact of corporations. However,
this progress has left in its wake a jumbled array of concepts and
models that students are often hard put to make sense of. Here, one of
the world's leading economists offers a lucid, unified, and
comprehensive introduction to modern corporate finance theory. Jean
Tirole builds his landmark book around a single model, using an
incentive or contract theory approach. Filling a major gap in the
field, The Theory of Corporate Finance is an indispensable resource
for graduate and advanced undergraduate students as well as
researchers of corporate finance, industrial organization, political
economy, development, and macroeconomics. Tirole conveys the
organizing principles that structure the analysis of today's key
management and public policy issues, such as the reform of corporate
governance and auditing; the role of private equity, financial
markets, and takeovers; the efficient determination of leverage,
dividends, liquidity, and risk management; and the design of
managerial incentive packages. He weaves empirical studies into the
book's theoretical analysis. And he places the corporation in its
broader environment, both microeconomic and macroeconomic, and
examines the two-way interaction between the corporate environment and
institutions. Setting a new milestone in the field, The Theory of
Corporate Finance will be the authoritative text for years to come.
Les mer
Produktdetaljer
ISBN
9781400830220
Publisert
2013
Utgiver
Vendor
Princeton University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter