I've just come across a new textbook written by Umberto Sagliaschi and Roberto Savona titled "Dynamic Corporate Finance: An Equilibrium Approach." Despite corporate finance in the book title, the authors provide a cool introduction to investment-based asset pricing. The textbook seems to be freely downloadable from SpringerLink.
I highly recommend this book. The crux is that I sense many research opportunities from integrating investment-based asset pricing with dynamic corporate finance. So far in the former literature only the asset side of the balance sheet has been studied. And the liability side is wide open. On the other hand, corporate finance has traditionally worked with risk neutrality, with little contact with asset pricing. How time-varying and cross-sectionally varying expected returns are jointly determined with corporate decisions (beyond just investment) emerges as a potentially fecund research direction. Please also check out my prior vlog on "Two Highly Cited Articles." Happy Researching!
9 Comments
Cynthia
8/8/2021 02:51:15 pm
This is a really nice and frontier textbook. The focus on the supply side provide a guidance for integrating corporate finance and asset pricing.
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iago
8/9/2021 11:41:35 am
Hello Cynthia, do you happen to have the link to the textbook, i am trying to learn more about this subject but it costs 100$ to download the book for me, if you do i would really appreciate it.
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iago belaunde
8/9/2021 11:37:18 am
Hey Lu, do you happen to have a link to the book i am trying to download it, but it appears as a 100$ cost to download. if you do i would really appreciate since i just found your work and i am trying to understand it better and this seems like a good start.
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2/17/2023 01:36:37 am
Thanks for sharing valuable information regarding corporate finance. It is very important topic to discuss about.
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2/20/2023 12:06:28 am
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2/20/2023 06:49:51 am
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Products
4/30/2023 04:45:05 am
I really enjoyed this article, thank you for sharing useful information. Regards, Kevin, author of the blog https://proptradefirm.com
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5/10/2023 08:44:20 pm
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