Moreno-Bromberg, Santiago and Rochet, Jean-Charles: Continuous-Time Models in Corporate Finance, Banking and Insurance
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Modern research in corporate finance builds on complex and demanding mathematical methods that are usually applied to option pricing. The fascinating book by Santiago Moreno-Bromberg and Jean-Charles Rochet is an interesting effort “to bridge the gap between option pricing and corporate finance”. To accomplish this, the authors provide a thorough, well-written and self-contained treatment of continuous-time models that deal with important issues in dynamic corporate finance, banking and insurance. The authors’ focused and practical approach manages to make demanding mathematical tools and continuous-time stochastic methods accessible to a wide audience, without sacrificing mathematical rigor. The targeted audience includes Ph.D. students in finance, economics and applied mathematics, as well as more mature researchers that wish to be exposed to recent developments in corporate finance, banking and insurance.
The starting point of the book is the brilliant intuition of Black and Scholes...
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