The Ownership of the Firm, Corporate Finance, and Derivatives (Record no. 3509)
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| 000 -LEADER | |
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| fixed length control field | 04325nam a22005295i 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | DE-He213 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20151013141925.0 |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
| fixed length control field | cr nn 008mamaa |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 150102s2015 si | s |||| 0|eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9789812873538 |
| -- | 978-981-287-353-8 |
| 024 7# - OTHER STANDARD IDENTIFIER | |
| Standard number or code | 10.1007/978-981-287-353-8 |
| Source of number or code | doi |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HG1-9999 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HG4501-6051 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HG1501-HG3550 |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | KFF |
| Source | bicssc |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | KFFK |
| Source | bicssc |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | BUS027000 |
| Source | bisacsh |
| 072 #7 - SUBJECT CATEGORY CODE | |
| Subject category code | BUS004000 |
| Source | bisacsh |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 657.8333 |
| Edition number | 23 |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 658.152 |
| Edition number | 23 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Chang, Kuo-Ping. |
| Relator term | author. |
| 245 14 - TITLE STATEMENT | |
| Title | The Ownership of the Firm, Corporate Finance, and Derivatives |
| Medium | [electronic resource] : |
| Remainder of title | Some Critical Thinking / |
| Statement of responsibility, etc. | by Kuo-Ping Chang. |
| 260 #1 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc. | Singapore : |
| Name of publisher, distributor, etc. | Springer Singapore : |
| -- | Imprint: Springer, |
| Date of publication, distribution, etc. | 2015. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | XII, 76 p. 11 illus. |
| Other physical details | online resource. |
| 336 ## - CONTENT TYPE | |
| Content type term | text |
| Content type code | txt |
| Source | rdacontent |
| 337 ## - MEDIA TYPE | |
| Media type term | computer |
| Media type code | c |
| Source | rdamedia |
| 338 ## - CARRIER TYPE | |
| Carrier type term | online resource |
| Carrier type code | cr |
| Source | rdacarrier |
| 347 ## - DIGITAL FILE CHARACTERISTICS | |
| File type | text file |
| Encoding format | |
| Source | rda |
| 490 1# - SERIES STATEMENT | |
| Series statement | SpringerBriefs in Finance, |
| International Standard Serial Number | 2193-1720 |
| 505 0# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 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. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This book clarifies several ambiguous arguments and claims in finance and the theory of the firm. It also serves as a bridge between derivatives, corporate finance and the theory of the firm. In addition to mathematical derivations and theories, the book also uses anecdotes and numerical examples to explain some unconventional concepts. The main arguments of the book are: (1) the ownership of the firm is not a valid concept, and firms’ objectives are determined by entrepreneurs who can innovate to earn excess profits; (2) the Modigliani-Miller capital structure irrelevancy proposition is a restatement of the Coase theorem, and changes in the firm’s debt-equity ratio will not affect equity-holders’ wealth (welfare), and equity-holders’ preferences toward risk (or variance) are irrelevant; (3) all firms' resources are options, and every asset is both a European call and a put option for any other asset; and (4) that a first or residual claim between debt and equity is non-existent while the first claim among fixed-income assets can actually affect the market values of these assets. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economics. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Microeconomics. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Finance. |
| 650 14 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economics/Management Science. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Finance/Investment/Banking. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Microeconomics. |
| 650 24 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Financial Economics. |
| 710 2# - ADDED ENTRY--CORPORATE NAME | |
| Corporate name or jurisdiction name as entry element | SpringerLink (Online service) |
| 773 0# - HOST ITEM ENTRY | |
| Title | Springer eBooks |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY | |
| Relationship information | Printed edition: |
| International Standard Book Number | 9789812873521 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Uniform title | SpringerBriefs in Finance, |
| International Standard Serial Number | 2193-1720 |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="http://dx.doi.org/10.1007/978-981-287-353-8">http://dx.doi.org/10.1007/978-981-287-353-8</a> |
| 912 ## - | |
| -- | ZDB-2-SBE |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | E-Books |
No items available.