Abstract
Whether it is possible to manage the finance, being unable to properly assess them
Hopes of ending the financial crisis did not materialize. Recent events (the problems of the euro zone, the threat of default in the USA, the collapse of the financial market after a reduction of the credit rating of the USA, debt problems in the world (Europe, USA), etc.) show that the crisis deepened, affecting new areas and taking on a systemic character.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Brusov PN, Filatova ТV (2011) From Modigliani–Miller to general theory of capital cost and capital structure of the company. Finance Credit 435:2–8
Brusov P, Filatova T, Orehova N, Brusova A (2011a) Weighted average cost of capital in the theory of Modigliani–Miller, modified for a finite life–time company. Appl Financ Econ 21(11):815–824
Brusov P, Filatova T, Orehova N, Brusov PP, Brusova N (2011b) From Modigliani–Miller to general theory of capital cost and capital structure of the company. Res J Econ Bus ICT 2:16–21
Brusov P, Filatova T, Orehova N et al (2011c) Influence of debt financing on the effectiveness of the investment project within the Modigliani–Miller theory. Res J Econ Bus ICT (UK) 2:11–15
Brusov P, Filatova T, Eskindarov M, Orehova N (2012a) Influence of debt financing on the effectiveness of the finite duration investment project. Appl Financ Econ 22(13):1043–1052
Brusov P, Filatova T, Eskindarov M, Orehova N (2012b) Hidden global causes of the global financial crisis. J Rev Global Econ 1:106–111
Brusov P, Filatova P, Orekhova N (2013a) Absence of an optimal capital structure in the famous tradeoff theory! J Rev Global Econ 2:94–116
Brusov P, Filatova T, Orehova N (2013b) A qualitatively new effect in corporative finance: abnormal dependence of cost of equity of company on leverage. J Rev Global Econ 2:183–193
Brusov P, Filatova P, Orekhova N (2014a) Mechanism of formation of the company optimal capital structure, different from suggested by trade off theory. Cogent Econ Finance 2:1–13. http://dx.doi.org/ 10.1080/23322039.2014.946150
Brusov P, Filatova T, Orehova N (2014b) Inflation in Brusov–Filatova–Orekhova theory and in its perpetuity limit—Modigliani–Miller theory. J Rev Global Econ 3:175–185
Brusov P, Filatova T, Orehova N, Kulik V (2015) The golden age of the company. J Rev Global Econ 4:21–42
Brusova A (2011) А comparison of the three methods of estimation of weighted average cost of capital and equity cost of company. Financ Anal Probl Sol 34(76):36–42
Filatova Т, Orehova N, Brusova А (2008) Weighted average cost of capital in the theory of Modigliani–Miller, modified for a finite life–time company. Bull FU 48:68–77
Мodigliani F, Мiller M (1958) The cost of capital, corporate finance, and the theory of investment. Am Econ Rev 48:261–297
Мodigliani F, Мiller M (1963) Corporate income taxes and the cost of capital: a correction. Am Econ Rev 53:147–175
Modigliani F, Miller M (1966) Some estimates of the cost of capital to the electric utility industry 1954–1957. Am Econ Rev 56:333–391
Myers S (2001) Capital structure. J Econ Perspect 15(2):81–102
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Brusov, P., Filatova, T., Orekhova, N., Eskindarov, M. (2015). The Global Causes of the Global Financial Crisis. In: Modern Corporate Finance, Investments and Taxation. Springer, Cham. https://doi.org/10.1007/978-3-319-14732-1_6
Download citation
DOI: https://doi.org/10.1007/978-3-319-14732-1_6
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-14731-4
Online ISBN: 978-3-319-14732-1
eBook Packages: Business and EconomicsEconomics and Finance (R0)