The analysis of principal-agent relationships, wherein one person, an agent, acts on behalf of
anther person, a principal.
A multivariate model for estimating the cost of equity capital, which incorporates several systematic risk factors and the effects of Arbitrageurs.
Bubble refers to security prices that move wildly above their true values and eventually burst. After prices eventually fall back to their original...
A theory suggesting that banks make only shortterm, self-liquidating loans that match the maturity of bank deposits.