| 書目名稱 | Optimal Dynamic Investment Policies of a Value Maximizing Firm |
| 編輯 | Peter M. Kort |
| 視頻video | http://file.papertrans.cn/703/702867/702867.mp4 |
| 叢書名稱 | Lecture Notes in Economics and Mathematical Systems |
| 圖書封面 |  |
| 描述 | 1.1. Scope of the Book This book is a contribution to the area of "dynamic models of the firm". The motivation for this kind of research is the following: Empirical studies (e.g. Albach (1976)) have shown that the development of the firm over time can be divided into different stages. such as growth. stationarity and contraction. In order to understand and evaluate these stages in a proper way. it is important to develop a suitable theoretical framework. To that end. economists have applied dynamic mathematical techniques. such as optimal control theory. calculus of variations and dynamic programming to design and analyse dynamic models of the firm. In this way. the economic theory of the firm is extended to a dynamic context. Within the field of the dynamics of the firm this book - develops a general investment decision rule. based on the concept "net present value of marginal investment". which is applicable in deterministic dynamic models of the firm; - studies the influence of adjustment costs of investment on optimal dynamic firm behavior; - extends the stochastic dynamic theory of the firm by connecting it with a dynamic version of the Capital Asset Pricing Model. Before elab |
| 出版日期 | Book 1989 |
| 關鍵詞 | Finance; Financing; Investment; asset pricing; corporate finance |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-48904-4 |
| isbn_softcover | 978-3-540-51152-6 |
| isbn_ebook | 978-3-642-48904-4Series ISSN 0075-8442 Series E-ISSN 2196-9957 |
| issn_series | 0075-8442 |
| copyright | Springer-Verlag Berlin Heidelberg 1989 |
|Archiver|手機版|小黑屋|
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