Recent developments in corporate finance
Author(s)
Bibliographic Information
Recent developments in corporate finance
（The international library of critical writings in financial economics, 16）（An Elgar reference collection）
E. Elgar, c2005
- : set
- v. 1
- v. 2
Available at 29 libraries
-
Kobe University Library for Social Sciences
v. 1336.8-RI-1011200700675,
v. 2336.8-RI-2011200700660
Note
Includes bibliographical references and index
Description and Table of Contents
Description
This innovative two-volume set reprints 24 of the most influential articles on corporate finance published during the period 1996-2003. Five topics are covered: capital structure, securities issuance, payout policy, corporate governance and diversification and internal capital markets.
The articles selected reflect two major evolutionary trends and two rather significant departures from prior work. The two trends are the integration of industrial organization theories into finance and the continued refinement of ideas related to the impact of taxation on corporate decision making. The two departures are the increased focus on law and finance and the increased willingness to adopt behavioral approaches.
This important collection offers an overview of present thinking and raises new questions in corporate finance.
Table of Contents
Contents:
Volume I
Acknowledgements
Foreword Richard Roll
Introduction Jay R. Ritter
PART I CAPITAL STRUCTURE
1. Jeremy C. Stein (1996), 'Rational Capital Budgeting in an Irrational World'
2. Gregor Andrade and Steven N. Kaplan (1998), 'How Costly Is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed'
3. John R. Graham (2000), 'How Big Are the Tax Benefits of Debt?'
4. John R. Graham and Campbell R. Harvey (2001), 'The Theory and Practice of Corporate Finance: Evidence from the Field'
5. J.B. Heaton (2002), 'Managerial Optimism and Corporate Finance'
6. Malcolm Baker and Jeffrey Wurgler (2002), 'Market Timing and Capital Structure'
PART II SECURITIES ISSUANCE
7. David Mayers (1998), 'Why Firms Issue Convertible Bonds: The Matching of Financial and Real Investment Options'
8. Craig G. Dunbar (2000), 'Factors Affecting Investment Bank Initial Public Offering Market Share'
9. Laurie Krigman, Wayne H. Shaw and Kent L. Womack (2001), 'Why Do Firms Switch Underwriters?'
10. Tim Loughran and Jay R. Ritter (2002), 'Why Don't Issuers Get Upset About Leaving Money on the Table in IPOs?'
11. Alexander P. Ljungqvist, Tim Jenkinson and William J. Wilhelm, Jr. (2003), 'Global Integration in Primary Equity Markets: The Role of U.S. Banks and U.S. Investors'
Name Index
Volume II
Acknowledgements
An introduction by the editor to both volumes appears in Volume I
PART I PAYOUT POLICY
1. Amy K. Dittmar (2000), 'Why Do Firms Repurchase Stock?'
2. Murali Jagannathan, Clifford P. Stephens and Michael S. Weisbach (2000), 'Financial Flexibility and the Choice between Dividends and Stock Repurchases'
3. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W. Vishny (2000), 'Agency Problems and Dividend Policies around the World'
4. Eugene F. Fama and Kenneth R. French (2001), 'Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay?'
PART II CORPORATE GOVERNANCE
5. Andrei Shleifer and Robert W. Vishny (1997), 'A Survey of Corporate Governance'
6. Rafael La Porta, Florencio Lopez-De Silanes and Andrei Shleifer (1999), 'Corporate Ownership Around the World'
7. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny (2000), 'Investor Protection and Corporate Governance'
8. Stijn Claessens, Simeon Djankov and Larry H.P. Lang (2000), 'The Separation of Ownership and Control in East Asian Corporations'
9. J. Carr Bettis, John M. Bizjak and Michael L. Lemmon (2001), 'Managerial Ownership, Incentive Contracting, and the Use of Zero-Cost Collars and Equity Swaps by Corporate Insiders'
10. Rafael La Porta, Florencio Lopez-De-Silanes, Andrei Shleifer and Robert Vishny (2002), 'Investor Protection and Corporate Valuation'
PART III DIVERSIFICATION AND INTERNAL CAPITAL MARKETS
11. Jeremy C. Stein (1997), 'Internal Capital Markets and the Competition for Corporate Resources'
12. Raghuram Rajan, Henri Servaes and Luigi Zingales (2000), 'The Cost of Diversity: The Diversification Discount and Inefficient Investment'
13. John R. Graham, Michael L. Lemmon and Jack G. Wolf (2002), 'Does Corporate Diversification Destroy Value?'
Name Index
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