{"product_id":"9783032010278","title":"Contributions to Finance and Accounting: Modern Investment Models and Their Applications","description":"\u003ch1\u003eContributions to Finance and Accounting\u003c\/h1\u003e\u003ch2\u003eModern Investment Models and Their Applications\u003c\/h2\u003e\u003cp\u003e\u003cstrong\u003eContributors:\u003c\/strong\u003e Brusov, Peter; Filatova, Tatiana\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"yiv1664733747msonormal\" style=\"margin: 0cm; margin-bottom: .0001pt; background: white;\"\u003e\u003cspan class=\"yiv1664733747contentpasted1\"\u003e\u003cspan lang=\"EN-US\" style=\"font-size: 11.0pt; font-family: 'Calibri',sans-serif;\"\u003eExisting investment models fail to correctly assess the efficiency of investments. This happens due to both the lack of self-consistent models based on first principles and the inability to correctly assess the discount rate. This book describes innovative investment models tested in practice. The authors modify these models for real implementation conditions, including frequent payments of income tax and interest on debt at the end of periods and as advance payments, and variable payments. The book examines how these types of payments influence the efficiency of investment projects. It considers the efficiency of an investment project from two perspectives: the owners of equity and debt, and only the equity. The latest versions of two main theories of capital structure (Brusov–Filatova–Orekhova (BFO) and Modigliani–Miller (MM)) allow for the correct assessment of the discount rate when evaluating the efficiency of investment projects (both long-term and of arbitrary duration). The book also describes the practical application of the created investment models and develops a new methodology for rating investment projects.\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\u003ch3\u003eBook Details\u003c\/h3\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003ePublisher:\u003c\/strong\u003e Springer\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e 2025-10-02\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFormat:\u003c\/strong\u003e Hardcover\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eISBN-13:\u003c\/strong\u003e 9783032010278\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePages:\u003c\/strong\u003e 843\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Springer","offers":[{"title":"Default Title","offer_id":44309702017164,"sku":"9783032010278","price":125.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783032010278.jpg?v=1768935167","url":"https:\/\/lateknightbooks.com\/products\/9783032010278","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}