Contributions to Management Science

Corporate Financial Decisions and Market Value

Studies on Dividend Policy, Price Volatility, and Ownership Structure

Authors: Marseguerra, Giovanni

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About this book

How do managers of a firm choose between alternative finan­ cial policies? Can the choice of a particular financial policy affect the value of the firm? Since the early 1960s, the debate on these questions has been lively and interesting as economists have inves­ tigated the effect on the value of the firm of relaxing the various assumptions in the celebrated Modigliani-Miller theory. Further­ more, even if we stick to the MM-assumptions (that is, we assume perfect and complete capital markets, no taxes and symmetric information), and we therefore know that only optimally chosen investments determine firm's value, another interesting question arises: How does the structure of ownership affect investment de­ cisions (and, in turn, values)? This research monograph attempts to analyze some of the issues involved in this debate. It belongs to the area of mathematical economics and is intended to appeal to mathematical economists as well as economists and mathemati­ cians. It is meant to deal with economically relevant problems in a mathematically adequate way. To decide whether or not it succeeds in this task, it is up to the reader. I am greatly indebted to Dr. Margaret Bray for her supervi­ sion of my PhD thesis in Economics at the London School of Eco­ nomics from which this book resulted. She helped me as friend and adviser through many struggles in the last three years and invested a great amount of work in this thesis.

Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-642-47010-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $139.99
price for USA
  • ISBN 978-3-7908-1047-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Corporate Financial Decisions and Market Value
Book Subtitle
Studies on Dividend Policy, Price Volatility, and Ownership Structure
Authors
Series Title
Contributions to Management Science
Copyright
1998
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Physica-Verlag Heidelberg
eBook ISBN
978-3-642-47010-3
DOI
10.1007/978-3-642-47010-3
Softcover ISBN
978-3-7908-1047-9
Series ISSN
1431-1941
Edition Number
1
Number of Pages
VIII, 181
Topics