Innovation and Financial Markets. Christophe Dispas

to that of the financial markets: once a company is listed on the stock market, how innovation is valued by the financial markets. In this way, we review the main models for valuing financial assets and try to make them accessible in a practical way through the use of Microsoft Excel.

      In Chapter 7, we move from equity markets to bond markets. We will attempt to answer the question of the impact of innovation on corporate credit risk.

      Finally, in Chapter 8, we will deal with financial innovation itself. Do new financial products provide investors with additional opportunities for diversification or do they contribute to increasing the risk of financial asset portfolios?

      Resolutely practical and pragmatic, this book nevertheless provides numerous references to professional and academic literature to make it possible for readers to dig deeper into their favorite subjects.