The Revolution in Corporate Finance

Ed.: Stern, Joel M., Chew, Donald H., Jr.

• Broschiertes Buch

Produktbeschreibung

The Revolution in Corporate Finance has established itself as a key text for students of corporate finance with wide use on a range of courses. Using seminal articles from the highly regarded
Bank of America Journal of Applied Corporate Finance , it gives students real insight into the practical implications of the most recent theoretical advances in the field. This extensively revised and updated fourth edition contains a significant amount of new material while retaining key original articles from previous editions. It offers, in one volume, coverage of the latest academic thinking, written by leading financial economists in a way that is accessible to students and corporate management.
Uses seminal articles from the highly regarded Bank of America Journal of Applied Corporate Finance.
Gives insight into the practical implications of recent theoretical advances in the field.
Enhanced by new material, including two new sections on International Finance and International Corporate Governance.
Highlights contributions of Nobel Laureate Merton Miller to the field of Finance.

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Produktdetails

• Verlag: Blackwell Publishers
• 4th Edition
• Seitenzahl: 648
• Erscheinungstermin: 2. Juni 2003
• Englisch
• Abmessung: 246mm x 189mm x 35mm
• Gewicht: 1233g
• ISBN-13: 9781405107815
• ISBN-10: 1405107812
• Artikelnr.: 14790210

Autorenporträt

In addition to six adult mysteries, Hot Tea...Cold Case, There's Always Tomorrow, Stabbing Along the Straightaway, Chaos at the Concours, Panic in the Pits, Critical Corner and soon to be released Look into the Mirror, D.G. Stern has authored the ten title, award winning "Upton Charles-Dog Detective" series for younger readers (www.uptoncharles.com), The Loneliest Tree, 25 Days of a Tropical Christmas, the Francis the Firehouse Mouse series, Sophie the Skunk. and the new Anna Belle series. www.neptunepress.org) He has also written eight award winning screenplays (several of which are in pre-production). His taste for good wine and great food has been an inspiration in his writings and Mr. Stern is also the editor of Golf a la Carte (www.golfcookbook.com) featuring recipes from some of the nation's greatest golf clubs.D.G. Stern is a graduate of Harvard College and Harvard Law School. Basket weaving (no kidding) and vintage car racing fill any empty moments.

Inhaltsangabe

Preface of the Fourth Edition.
Preface of the First Edition.
Part I: Financial Markets:.
1. The History of Finance: An Eyewitness Account: Merton Miller (University
of Chicago).
2. The Theory of Stock Market Efficiency: Accomplishments and Limitations:
Ray Ball (University of Rochester).
3. Market Myths: G. Bennett Stewart, III (Stern Stewart & Co.).
4. An Analysis of Trading Profits: How Trading Rooms Really Make Money:
Alberic Braas and Charles Braver (Oliver, Wyman & Company).
Part II: The Corporate Investment Decision:.
5. Finance Theory and Financial Strategy: Stewart Myers (Massachusetts
Institute of Technology).
6. In Defense of Beta: S.P. Kothari and Jay Shanken (University of
Rochester).
7. The Liquidity Route to a Lower Cost of Capital: Yakov Amihud (New York
University) and Haim Mendelsohn (Stanford University).
8. The Promise of Real Options: Aswath Damodoran (New York University).
9. Real Options: State of the Practice: Alexander Triantis (University of
Maryland) and Adam Borison (Applied Decision Analysis/
PricewaterhouseCoopers).
Part III: The Financing Decision I: Capital Structure:.
10. The Modigliani-Miller Propositions After Thirty Years: Merton Miller
(University of Chicago).
11. Still Searching for Optimal Capital Structure: Stewart Myers
(Massachusetts Institute of Technology).
12. The Capital Structure Puzzle: Another Look at the Evidence: Michael
Barclay and Clifford Smith (University of Rochester).
13. What Do We Know About Stock Repurchases?: Gustavo Grullon and David
Ikenberry (Rice University).
14. Stern Stewart Roundtable on Capital Structure and Stock Repurchase:
Panelists: Clifford Smith (University of Rochester); Erik Sirri (Babson
College); Tim Opler (Credit Suisse First Boston); David Ikenberry (Rice
University); Richard Thevenet (Pepsico); and Dennis Soter (Stern Stewart &
Co.) Moderated by Donald Chew (Stern Stewart & Co.).
Part IV: The Financing Decision II: The Finance Vehicles:.
15. Raising Capital: Theory And Evidence: Clifford Smith (University of
Rochester).
16. Financing Corporate Growth: Bradford Cornell (University of California,
Los Angeles) and Alan Shapiro (University of Southern California).
17. Are Banks Still Special? New Evidence on Their Role in the
Capital-Raising Process: Christopher James and David Smith (University of
Florida).
18. Convertible Bonds: Matching Financial and Real Options: David Mayers
(University of California at Riverside).
19. The Uses of Hybrid Debt in Managing Corporate Risk: Charles Smithson
(Chase Manhattan Bank) and Donald H. Chew (Stern Stewart & Co.).
20. Using Project Finance to Fund Infrastructure Investments: Richard
Brealey, Ian Cooper, and Michel Habib (London Business School).
Part V: Risk Management:.
21. Financial Innovation: Achievements and Prospects: Merton Miller
(University of Chicago).
22. Managing Financial Risk: Clifford W. Smith, Jr. (University of
Rochester), Charles W. Smithson (Continental Bank) and D. Sykes Wilford
(Chase Manhattan Bank).
23. Rethinking Risk Management: Rene Stulz (Ohio State University).
24. Theory of Risk Capital in Financial Firms: Robert Merton and André
Perold: (Harvard Business School).
25. Corporate Insurance Strategy: The Case of British Petroleum: Neil
Doherty (University of Pennsylvania) and Clifford Smith (University of
Rochester).
26. Value at Risk: Uses and Abuses: Christopher Culp (CP Risk Management
LLC), Merton Miller (University of Chicago) and Andrea M. P. Neves (CP Risk
Management LLC).
Part VI: International Finance:.
27. Financial Markets and Economic Growth: Merton Miller (University of
Chicago).
28. Globalization, Corporate Finance, and the Cost of Capital: René Stulz
(Ohio State University).
29. Globalization of Capital Markets and the Asian Financial Crisis: E. Han
Kim (University of Michigan).
30. Incorporating Country Risk in the Valuation of Offshore Projects:
Donald Lessard (Massachusetts Institute of Technology).
31. Yankee Bonds and Cross-Border Private Placements: An Update: Greg
Johnson (Banc of America Securities LLC).
32. Financial Risk Management for Developing Countries: A Policy Overview:
Donald Lessard (Massachusetts Institute of Technology).
Part VII: International Corporate Governance:.
33. Is American Corporate Governance Fatally Flawed?: Merton Miller
(University of Chicago).
34. The Role of Corporate Governance in South Korean Economic Reform:
Kenneth Scott (Stanford University).
35. Corporate Ownership and Control in the U.K., Germany, and France:
Julian Franks (London Business School) and Colin Mayer (Oxford University).
36. Universal Banks Are Not the Answer to America's Corporate Governance
"Problem": A Look at Germany, Japan, and the U.S.: Jonathan R. Macey
(Cornell Law School) and Geoffrey Miller (New York University Law School).
37. Which Capitalism? Lessons From the East Asian Crisis: Raghuram Rajan
and Luigi Zingales (University of Chicago).
38. Measuring the Effectiveness of Different Corporate Governance Systems:
Toward a More Scientific Approach: Jonathan Macey (Cornell Law School).
Epilogue:.
39. Merton Miller's Contribution To Modern Finance: René Stulz (Ohio State
University).
Index.