Fundamental problems and solutions in finance / Zhiqiang Zhang.

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Fundamental problems and solutions in finance / Zhiqiang Zhang.

9789811982699 (electronic bk.)
9811982694 (electronic bk.)
9789811982682
9811982686

Singapore : Springer, 2023.

English

1 online resource (419 pages) : illustrations (black and white, and color).

10.1007/978-981-19-8269-9 doi

HG173

332

This book provides innovative solutions to fundamental problems in finance, such as the valuation of bond and equity, the pricing of debt, equity and total asset, the determination of optimal capital structure, etc., which are unsolved or poor-solved so far. The solutions in this book all have the following features: Based on essential assumptions in line with reality, the final solutions are analytical solutions with closed-form models, the forms and variables of the models are determined by strict and objective logic processes rather than chosen or presumed subjectively, such as the new growth model for stock valuation, the new CAPM accounting for total risk rather than only systematic risk, the real solution to optimal capital structure based on the trade-off between tax shield and bankruptcy cost. In addition, these basic solutions or models are adjusted easily to various application scenarios.

Includes bibliographical references.

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Description based on print version record.

Contributions to finance and accounting.

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