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Author: Alexi Kukuljevic
Publisher: MIT Press
ISBN: 0262534193
Category : Art
Languages : en
Pages : 152
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Book Description
An examination of the disoriented subject of modernity: a dissolute figure who makes an makes an object of its absence; from Baudelaire to Broodthaers. In Liquidation World, Alexi Kukuljevic examines a distinctive form of subjectivity animating the avant-garde: that of the darkly humorous and utterly disoriented subject of modernity, a dissolute figure that makes an art of its own vacancy, an object of its absence. Shorn of the truly rotten illusion that the world is a fulfilling and meaningful place, these subjects identify themselves by a paradoxical disidentification—through the objects that take their places. They have mastered the art of living absently, of making something with nothing. Traversing their own morbid obsessions, they substitute the nonsensical for sense, the ridiculous for the meaningful. Kukuljevic analyzes a series of artistic practices that illuminate this subjectivity, ranging from Marcel Duchamp's Three Standard Stoppages to Charles Baudelaire's melancholia. He considers the paradox of Duchamp's apparatus in the Stoppages and the strange comedy of Marcel Broodthaers's relation to the readymade; the comic subject in Jacques Vaché and the ridiculous subject in Alfred Jarry; the nihilist in Paul Valéry's Monsieur Teste; Oswald Wiener's interpretation of the dandy; and Charles Baudelaire as a happy melancholic. Along the way, he also touches on the work of Thomas Bernhard, Andy Kaufman, Buster Keaton, and others. Finally, he offers an extended analysis of Danny's escape from his demented father in Stanley Kubrick's The Shining. Each of these subjects is, in Freud's terms, sick—sick in the specific sense that they assume the absence of meaning and the liquidation of value in the world. They concern themselves with art, without assuming its value or meaning. Utterly debased, fundamentally disoriented, they take the void as their medium.
Author: Alexi Kukuljevic
Publisher: MIT Press
ISBN: 0262534193
Category : Art
Languages : en
Pages : 152
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Book Description
An examination of the disoriented subject of modernity: a dissolute figure who makes an makes an object of its absence; from Baudelaire to Broodthaers. In Liquidation World, Alexi Kukuljevic examines a distinctive form of subjectivity animating the avant-garde: that of the darkly humorous and utterly disoriented subject of modernity, a dissolute figure that makes an art of its own vacancy, an object of its absence. Shorn of the truly rotten illusion that the world is a fulfilling and meaningful place, these subjects identify themselves by a paradoxical disidentification—through the objects that take their places. They have mastered the art of living absently, of making something with nothing. Traversing their own morbid obsessions, they substitute the nonsensical for sense, the ridiculous for the meaningful. Kukuljevic analyzes a series of artistic practices that illuminate this subjectivity, ranging from Marcel Duchamp's Three Standard Stoppages to Charles Baudelaire's melancholia. He considers the paradox of Duchamp's apparatus in the Stoppages and the strange comedy of Marcel Broodthaers's relation to the readymade; the comic subject in Jacques Vaché and the ridiculous subject in Alfred Jarry; the nihilist in Paul Valéry's Monsieur Teste; Oswald Wiener's interpretation of the dandy; and Charles Baudelaire as a happy melancholic. Along the way, he also touches on the work of Thomas Bernhard, Andy Kaufman, Buster Keaton, and others. Finally, he offers an extended analysis of Danny's escape from his demented father in Stanley Kubrick's The Shining. Each of these subjects is, in Freud's terms, sick—sick in the specific sense that they assume the absence of meaning and the liquidation of value in the world. They concern themselves with art, without assuming its value or meaning. Utterly debased, fundamentally disoriented, they take the void as their medium.
Author: United States
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 1116
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Publisher:
ISBN:
Category :
Languages : en
Pages : 604
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Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 450
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Book Description
Author: Michel Crouhy
Publisher: World Scientific
ISBN: 9814759341
Category : Business & Economics
Languages : en
Pages : 2039
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Book Description
Black and Scholes (1973) and Merton (1973, 1974) (hereafter referred to as BSM) introduced the contingent claim approach (CCA) to the valuation of corporate debt and equity. The BSM modeling framework is also named the 'structural' approach to risky debt valuation. The CCA considers all stakeholders of the corporation as holding contingent claims on the assets of the corporation. Each claim holder has different priorities, maturities and conditions for payouts. It is based on the principle that all the assets belong to all the liability holders.The BSM modeling framework gives the basic fundamental version of the structural model where default is assumed to occur when the net asset value of the firm at the maturity of the pure-discount debt becomes negative, i.e., market value of the assets of the firm falls below the face value of the firm's liabilities. In a regime of limited liability, the shareholders of the firm have the option to default on the firm's debt. Equity can be viewed as a European call option on the firm's assets with a strike price equal to the face value of the firm's debt. Actually, CCA can be used to value all the components of the firm's liabilities, equity, warrants, debt, contingent convertible debt, guarantees, etc.In the four volumes we present the major academic research on CCA in corporate finance starting from 1973, with seminal papers of Black and Scholes (1973) and Merton (1973, 1974). Volume I covers the foundation of CCA and contributions on equity valuation. Volume II focuses on corporate debt valuation and the capital structure of the firm. Volume III presents empirical evidence on the valuation of debt instruments as well as applications of the CCA to various financial arrangements. The papers in Volume IV show how to apply the CCA to analyze sovereign credit risk, contingent convertible bonds (CoCos), deposit insurance and loan guarantees. Volume 1: Foundations of CCA and Equity ValuationVolume 1 presents the seminal papers of Black and Scholes (1973) and Merton (1973, 1974). This volume also includes papers that specifically price equity as a call option on the corporation. It introduces warrants, convertible bonds and taxation as contingent claims on the corporation. It highlights the strong relationship between the CCA and the Modigliani-Miller (M&M) Theorems, and the relation to the Capital Assets Pricing Model (CAPM). Volume 2: Corporate Debt Valuation with CCAVolume 2 concentrates on corporate bond valuation by introducing various types of bonds with different covenants as well as introducing various conditions that trigger default. While empirical evidence indicates that the simple Merton's model underestimates the credit spreads, additional risk factors like jumps can be used to resolve it. Volume 3: Empirical Testing and Applications of CCAVolume 3 includes papers that look at issues in corporate finance that can be explained with the CCA approach. These issues include the effect of dividend policy on the valuation of debt and equity, the pricing of employee stock options and many other issues of corporate governance. Volume 4: Contingent Claims Approach for Banks and Sovereign DebtVolume 4 focuses on the application of the contingent claim approach to banks and other financial intermediaries. Regulation of the banking industry led to the creation of new financial securities (e.g., CoCos) and new types of stakeholders (e.g., deposit insurers).
Author: United States
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 1034
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Book Description
Author: Anton Miglo
Publisher: Springer
ISBN: 3319307134
Category : Business & Economics
Languages : en
Pages : 266
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Book Description
This book focuses on microeconomic foundations of capital structure theory. It combines theoretical results with a large number of examples, exercises and applications. The book examines fundamental ideas in capital structure management, some of which are still not very well understood in the business community, such as Modigliani and Miller’s irrelevance result, trade-off theory, pecking-order theory, asset substitution, credit rationing and debt overhang. Chapters also cover capital structure issues that have become very important following the recent financial crisis. Miglo discusses the ways in which financial economists were forced to look critically at capital structure, as the problems faced by many companies stemmed from their financing policies following the crisis. The book also discusses links between capital structure and firm’s performance, corporate governance, firm’s strategy and flexibility, and covers such topics as life cycle approach to capital structure management, capital structure of small and start-up companies, corporate financing versus project financing and examples of optimal capital structure analyses for different companies. This comprehensive guide to capital structure theory will be of interest to all students, academics and practitioners seeking to understand this fast-developing and critical area of business management.
Author: Jack W. Plunkett
Publisher: Plunkett Research, Ltd.
ISBN: 159392139X
Category : Retail trade
Languages : en
Pages : 676
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Book Description
A market research guide to the retail industry - a tool for strategic planning, competitive intelligence, employment searches or financial research. It contains trends, statistical tables, and an industry glossary. It includes one page profiles of retail industry firms, companies and organizations. It also includes addresses and phone numbers.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1080
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Author:
Publisher:
ISBN:
Category : Peace
Languages : en
Pages : 628
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Book Description
