The Global Causes of the Global Financial Crisis

Peter Brusov, Tatiana Filatova and Natali Orekhova
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Tatiana Filatova: Financial University under the Government of Russian Federation
Natali Orekhova: Financial University under the Government of Russian Federation

Chapter Chapter 7 in The Brusov–Filatova–Orekhova Theory of Capital Structure, 2023, pp 139-144 from Springer

Abstract: Abstract It is shown that incorrect estimations of the basic financial parameters of companies, based on the use of the Modigliani–Miller theory lead to an underestimation of the financial risks, the impossibility, or severe difficulties in making appropriate management decisions, which is one of the implicit reasons for the global financial crisis.

Keywords: The global financial crisis; Brusov–Filatova–Orekhova (BFO) theory; Trade-off theory; The weighted average cost of capital; Equity cost; Company capitalization (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-27929-4_7

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DOI: 10.1007/978-3-031-27929-4_7

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