Critical Analysis and New Approaches of Quantitative and Qualitative Methodology
E-Book, Englisch, 369 Seiten, eBook
Reihe: Contributions to Finance and Accounting
ISBN: 978-3-030-56243-4
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: Wasserzeichen (»Systemvoraussetzungen)
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Weitere Infos & Material
Introduction.- The Importance of Rating and the Disadvantages of Existing Rating Systems.-
Part I Corporate Finance Theories used in Ratings and in Rating Methodologies.-
Modern Theory of Capital Cost and Capital Structure: Brusov–Filatova–Orekhova Theory (BFO Theory).- Modification of the Modigliani–Miller theory for the case of advance tax on profit payments.- Modern Theory of Capital Cost and Capital Structure: Brusov–Filatova–Orekhova Theory (BFO Theory).-
Part II Ratings and Rating Methodologies of Non–financial Issuers.-
Application of the Modigliani–Miller Theory in Rating Methodology.- Application of the Modigliani–Miller Theory, Modified For the Case of Advance Payments of Tax on Profit, in Rating Methodologies.- Application of Brusov–Filatova–Orekhova theory (BFO theory) in Rating Methodology.-
Part III Project Ratings.-
Investment Models with Debt Repayment at the End of the Project and Their Application.- Investment Models with Uniform Debt Repayment and Their Application.- A New Approach to Ratings of the Long–Term Projects.- Ratings of the Investment Projects of Arbitrary Durations: New Methodology.- Ratings of Investment Projects of Arbitrary Duration with a Uniform Debt Repayment: a new approach.-
Part IV New Meaningful Effects in Modern Capital Structure Theory (BFO Theory) Which Should be Accounting in Rating Methodologies.-
The Golden Age of the Company (Three Colors of Company’s Time).- A "silver age" of the Companies. Conditions of existence of "golden age" and "silver age"effects`.- Inflation in Brusov–Filatova–Orekhova Theory and in Its Perpetuity Limit–Modigliani–Miller Theory.- A Qualitatively New Effect in Corporate Finance: Abnormal Dependence of Equity Cost of Company on Leverage Level.- The Impact of Taxing and Leverage in Evaluation of Capital Cost, Capitalization of the Company and Issued Ratings.- Recommendations to international rating agencies (Big Three (Standard & Poor’s, Fitch and Moody's), European) and national ones (ACRA, Chinese etc.).- Conclusions.