Brusov-Filatova-Orekhova Theory of Capital Structure

The book introduces  and discusses the modern theory of the cost of capital and capital structure - the BFO theory (Brusov-Filatova-Orekhova theory), which is valid for companies of arbitrary age and which replaced the theory of Nobel laureates Modigliani and Miller. The theory takes into account  the conditions faced by  companies operating in the real economy, such as revenue fluctuations;  the ...