Some highpoints of the history Eugene Fama and The Efficient Markets Hypothesis Random Walks in Stock Market Prices Financial Analysts Journal,1965,1995 Franco Modigliani&Merton Miller and MM Propositions "The Cost of Capital,Corporation Finance, and the Theory of Investment",American Economic Review,1958 22-5
22-5 Some highpoints of the history Some highpoints of the history Eugene Fama and The Efficient Markets Hypothesis “Random Walks in Stock Market Prices ”, Financial Analysts Journal, 1965,1995 Franco Modigliani & Merton Miller and MM Propositions “The Cost of Capital, Corporation Finance, and the Theory of Investment”, American Economic Review ,1958
Some highpoints of the history Black Scholes and Option "The Pricing of Option and Corporate Liabilities",Journal of Political Economy,1973 Michael Jensen William Meckling and Agency Problem "Theory of the Firm:Managerial Behavior, Agency Costs,and Ownership Structure",JFE 1976 22-6
22-6 Some highpoints of the history Some highpoints of the history Black & Scholes and Option “The Pricing of Option and Corporate Liabilities” ,Journal of Political Economy,1973 Michael Jensen & William Meckling and Agency Problem "Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure”, JFE, 1976
Some highpoints of the history Contract Theory A.Alchian,H.Demsetz,B.Holmstrom and O Hart "The Theory of Corporate Finance",Tirole Toulouse MIT).2006 22-7
22-7 Some highpoints of the history Some highpoints of the history Contract Theory A. Alchian ，H. Demsetz ，B. Holmstrom and O. Hart “The Theory of Corporate Finance”, Tirole （ Toulouse & MIT ）, 2006
Corporate Finance Sub discipline of economics -The theory of the firm Requires an understanding of -The banking system -The operation of money -Capital markets 22-8
22-8 Corporate Finance Corporate Finance Sub discipline of economics –The theory of the firm Requires an understanding of The banking system The operation of money Capital markets