Explores the Excess Volatility Puzzle in asset pricing, analyzing the relationship between stock prices and dividends, predictability of returns, and implications of risk-aversion.
Explores the leverage effect in financing, showcasing how borrowing money can magnify returns and the importance of considering different interest rates in leverage analysis.
Explores the impact of debt and taxes on firm value and shareholder wealth, covering Modigliani/Miller theorem, leverage effects, debt financing mechanics, and valuation methods.
Covers credit risk structuring, bank capital ratios, funding determinants, and optimal capital structure, emphasizing interbank lending and covered bonds.
