- Volume
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v. 1 ISBN 9780444508980
Description
Judging by the sheer number of papers reviewed in this Handbook, the empirical analysis of firms' financing and investment decisions-empirical corporate finance-has become a dominant field in financial economics. The growing interest in everything "corporate" is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific-but nevertheless important-source of inspiration is a growing awareness of the important social implications of corporate behavior and governance. This Handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues, ranging from econometric methodology, to raising capital and capital structure choice, and to managerial incentives and corporate investment behavior. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.
Table of Contents
VOLUME 1
PREFACE: EMPIRICAL CORPORATE FINANCE
B. ESPEN ECKBO
PART 1 - ECONOMETRIC ISSUES AND METHODOLGICAL TRENDS
Chapter 1
Econometrics of event studies
S.P. KOTHARI and JEROLD B. WARNER
Chapter 2
Self-selection models in corporate finance
KAI LI and NAGPURNANAND R. PRABHALA
Chapter 3
Auctions in corporate finance
SUDIPTO DASGUPTA and ROBERT G. HANSEN
Chapter 4
Behavioral corporate finance
MALCOLM BAKER, RICHARD S. RUBACK and JEFFERY WURGLER
PART 2 - BANKING, PUBLIC OFFERINGS, AND PRIVATE SOURCES OF CAPITAL
Chapter 5
Banks in capital markets
STEVEN DRUCKER and MANJU PURI
Chapter 6
Security Offerings
B. ESPEN ECKBO, RONALD W. MASULIS and OYVIND NORLI
Chapter 7
IPO underpricing
ALEXANDER LJUNGQVIST
Chapter 8
Conglomerate firms and internal capital markets
VOJISLAV MAKSIMOVIC and GORDON PHILLIPS
Chapter 9
Venture capital
PAUL GOMPERS
EMPIRICAL CORPORATE FINANCE
- Volume
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v. 2 ISBN 9780444530905
Description
This second volume of a two-part series examines three major topics. First, it devotes five chapters to the classical issue of capital structure choice. Second, it focuses on the value-implications of major corporate investment and restructuring decisions, and then concludes by surveying the role of pay-for-performance type executive compensation contracts on managerial incentives and risk-taking behavior.
In collaboration with the first volume, this handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.
Table of Contents
Part 3
Dividends, Capital Structure, and Financial Distress
Part 4
Takeovers, Restructurings, and Managerial Incentives
by "Nielsen BookData"