The Brusov-Filatova-Orekhova Theory of Capital Structure: Applications in Corporate Finance, Investments, Taxation and Ratings

Brusov, Peter, Filatova, Tatiana, Orekhova, Natali

The Brusov-Filatova-Orekhova Theory of Capital Structure: Applications in Corporate Finance, Investments, Taxation and Ratings
  • 出版商: Springer
  • 出版日期: 2024-05-18
  • 售價: $6,040
  • 貴賓價: 9.5 折 $5,738
  • 語言: 英文
  • 頁數: 769
  • 裝訂: Quality Paper - also called trade paper
  • ISBN: 303127931X
  • ISBN-13: 9783031279317

    • 海外代購書籍(需單獨結帳)

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商品描述

The book introduces and discusses the modern theory of the cost of capital and capital structure - the BFO theory (Brusov-Filatova-Orekhova theory), which is valid for companies of arbitrary age and which replaced the theory of Nobel laureates Modigliani and Miller. The theory takes into account the conditions faced by companies operating in the real economy, such as revenue fluctuations; the arbitrary frequency of tax on profit payments (monthly, quarterly, semi-annual or annual payments), both for advance income tax payments and for payments at the end of the respective period; and the arbitrary frequency of interest on loans payments. The impact of these conditions on the company value, on the cost of raising capital, on the company's dividend policy and managerial decisions are discussed. The book subsequently develops new applications of the BFO theory in several areas such as corporate finance, corporate governance, investments, taxation, business valuations and ratings.

商品描述(中文翻譯)

這本書介紹並討論了現代資本成本和資本結構的理論 - BFO理論（Brusov-Filatova-Orekhova理論），該理論適用於任意年齡的公司，並取代了諾貝爾獎得主莫迪利亞尼和米勒的理論。該理論考慮了在實際經濟中運營的公司所面臨的條件，例如收入波動；對利潤支付的任意頻率的稅款（月度、季度、半年度或年度支付），包括預付所得稅和期末支付；以及貸款利息支付的任意頻率。書中討論了這些條件對公司價值、籌集資本成本、公司的股息政策和管理決策的影響。隨後，該書在企業財務、企業治理、投資、稅務、業務估值和評級等多個領域中開發了BFO理論的新應用。

作者簡介

Peter Brusov is professor at the Financial University under the Government of the Russian Federation in Moscow (Russia). He has been a visiting Professor of Northwestern University (USA), Cornell University (USA), Osaka City University (Japan) and National Chung Cheng University (Taiwan) among other places. He is the author of over 500 research publications including six monographs, numerous textbooks and articles.

Tatiana Filatova is professor at the Financial University under the Government of the Russian Federation in Moscow (Russia). In the past 20 years, she has been Dean of the faculties of financial management, management, state and municipal government at the Financial University. Tatiana Filatova is the author of over 250 research publications including five monographs, numerous textbooks and articles.

Natali Orekhova is professor at the Southern Federal University in Rostov-on-Don (Russia). She has been a leading scientist of the Financial University under the Government of the Russian Federation. She is the author of over 120 research publications including five monographs, numerous textbooks and articles.

作者簡介(中文翻譯)

彼得·布魯索夫（Peter Brusov）是俄羅斯莫斯科金融大學（Financial University under the Government of the Russian Federation）的教授。他曾在美國西北大學（Northwestern University）、康奈爾大學（Cornell University）、日本大阪市立大學（Osaka City University）和台灣國立中正大學（National Chung Cheng University）等地擔任訪問教授。他是超過500篇研究著作的作者，包括六本專著、眾多教科書和文章。

塔蒂亞娜·菲拉托娃（Tatiana Filatova）是俄羅斯莫斯科金融大學的教授。在過去的20年中，她曾擔任金融管理、管理、國家和地方政府等學院的院長。塔蒂亞娜·菲拉托娃是超過250篇研究著作的作者，包括五本專著、眾多教科書和文章。

娜塔莉·奧列霍娃（Natali Orekhova）是俄羅斯羅斯托夫南聯邦大學（Southern Federal University）的教授。她曾是俄羅斯莫斯科金融大學的領先科學家。娜塔莉·奧列霍娃是超過120篇研究著作的作者，包括五本專著、眾多教科書和文章。

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