The ownership of the firm, corporate finance, and derivatives [electronic resource] : some critical thinking / Kuo-Ping Chang.

Preface
Chapter 1: The Ownership of the Firm
1.1: A Story of Robin Hood
1.2: Power, Entrepreneur, and Objectives of the Firm
1.3: Choice, Risk Attitude, and Types of Contract
References
Chapter 2: Maximizing Profits and Maximizing Resource Providers? Wealth
2.1: The Coase Theorem and the Modigliani-Miller Propositions
2.2: A Simple Example of the Modigliani-Miller Second Proposition
References
Chapter 3: A Reconsideration of the Modigliani-Miller Propositions
3.1: A Tale of Two Cows-The Modigliani-Miller First Proposition
3.2: Some Fallacious Arguments for the Modigliani-Miller Second Proposition
References
Chapter 4: Derivatives and the Theory of the Firm
4.1: Model-Free Option Prices
4.2: The Firm?s Resources and Derivatives
4.2.1: Each Resource Is Both a European Call Option and a European Put Option
4.2.2: Each Resource Is a Stock Plus a Forward Contract
References
Chapter 5: Arbitrage and Valuation of Different Contracts
5.1: The Arbitrage Theorem
5.2: Properties of the Binomial Option Pricing Model
5.3: Valuing Different Contracts
Appendix A: Incomplete Market
Appendix B: Incomplete Market and Replication of Securities
Appendix C: More Uncertain Project and the Firm?s Value
References
Chapter 6: Misinterpretations of Residual Claim in Finance and Corporate Law
6.1: De Jure versus De Facto
6.2: Agency Costs and Residual Claim
6.3: Moral Hazard and Residual Claim
References
Index.