The Fisher Model and Financial Markets

Richard D MacMinn
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Richard D MacMinn: Illinois State University, USA

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This monograph represents a unified coherent perspective of financial markets and the theory of corporate finance. The Fisher model is used in corporate finance texts to note the foundations of the net present value rule, but has not been developed further in textbooks as a perspective for students of the finance discipline. This book articulates corporate finance from a common perspective and model: by generalizing the Fisher model to include risks, it is possible to exposit and prove the classic corporate finance theorems and to establish a common foundation for the discipline. The classic theorems of corporate finance are collected, stated, and some are proved. The reader is challenged to prove corollaries and theorems to see how the model provides the fundamental building blocks for the discipline.

Keywords: Fisher Separation; Complete Markets; Corporate Finance; Capital Structure; Dividend Policy; Modigliani-Miller Theorem; Corporate Finance Theorems; Agency Problems; Risk-Shifting Problem; Asset Substitution Problem; Under-Investment Problem; Stock Options; Convertible Bonds; Call Options; Put Options; Risk Management; Hedging; Futures Contracts; Forward Contracts (search for similar items in EconPapers)
Date: 2005
ISBN: 9789812564078
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Citations: View citations in EconPapers (6)

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Chapters in this book:

Ch 1 The Fisher Model with Certainty , pp 1-11

Richard D. MacMinn

Ch 2 The Fisher Model , pp 12-21

Richard D. MacMinn

Ch 3 Financial Values , pp 22-26

Richard D. MacMinn

Ch 4 Fisher Separation , pp 27-36

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Ch 5 More Values , pp 37-43

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Ch 6 Corporate Finance Theorems , pp 44-52

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Ch 7 Agency Problems , pp 53-66

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Ch 8 Information Problems: Hidden Knowledge , pp 67-83

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Ch 9 Corporate Risk Management , pp 84-99

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Ch 10 Concluding Remarks , pp 100-101

Richard D. MacMinn

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