![]() | Continuous-Time Models in Corporate Finance, Banking, and Insurance Subjects: BUSINESS & ECONOMICS / Economics / Theory.; BUSINESS & ECONOMICS / Economics / General.; BUSINESS & ECONOMICS / Corporate Finance.; Banks and banking.; Options (Finance); Corporations; Continuous-Time Models in Corporate Finance synthesizes four decades of research to show how stochastic calculus can be used in corporate finance. Combining mathematical rigor with economic intuition, Santiago Moreno-Bromberg and Jean-Charles Rochet analyze corporate decisions such as dividend distribution, the issuance of securities, and capital structure and default. They pay particular attention to financial intermediaries, including banks and insurance companies. Santiago Moreno-Bromberg is senior researcher in the Center for Finance and Insurance at the University of Zurich. Jean-Charles Rochet is professor of banking at the University of Zurich, senior chair and head of research at the Swiss Finance Institute, and research director at the Toulouse School of Economics. |
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