Contributor
Stern, Joel M.
Edition Statement:4th ed.
Imprint:Malden, MA : Blackwell Pub., 2003.
Descriptionxvi, 631 p. : ill. ; 25 cm.
Note:PART I: FINANCIAL MARKETS: 1. The history of finance: an eyewitness account / Merton H. Miller - 2. The theory of stock market efficiency: accomplishments and limitations / Ray Ball - 3. Market myths / G. Bennett Stewart III - 4. An analysis of trading profits: how trading rooms really make money / Albéric Brass, Charles N. Bralver - PART II. THE CORPORATE INVESTMENT DECISION: 5. Finance theory and financial strategy / Stewart C. Myers - 6. In defense of beta / S. P. Kothari, Jay Shanken - 7. The liquidity route to a lower cost of capital / Yakov Amihud, Haim Mendelson - 8. The promise of real options / Aswath Damodaran - 9. Real options: state of the practice / Alex Triantis, Adam Borison - PART III. THE FINANCING DECISION I: CAPITAL STRUCTURE: 10. The Modigliani-Miller propositions after thirty years / Merton H. Miller - 11. Still searching for optimal capital structure / Stewart C. Myers - 12. The capital structure puzzle: another look at the evidence / Michael J. Barclay, Clifford W. Smith, Jr. - 13. What do we know about stock repurchases? / Gustavo Grullon, David L. Ikenberry - 14. The dividend cut: "heard 'round the world": the case of FPL / Dennis Shaw, Eugene Brigham, Paul Evanson - 15. Stern Stewart roundtable on capital structure and stock repurchase / Clifford Smith, Tim Opler, Rich Thevenet, Dennis Soter, David Ikenberry, Erik Sirri - PART IV. THE FINANCING DECISION II: THE FINANCING VEHICLES: 16. Raising capital: theory and evidence / Clifford W. Smith, Jr. - 17. Financing corporate growth / Bradford Cornell, Alan C. Shapiro - 18. Are banks still special? New evidence on their role in the corporate capital-raising process / Christopher James, David C. Smith - 19. Convertible bonds: matching financial and real options / David Mayers - 20. The uses of hybrid debt in managing corporate risk / Charles W. Smithson, Donald H. Chew, Jr. - 21. Using project finance to fund infrastructure investments / Richard A. Brealey, Ian A. Cooper, Michel A. Habib - PART V. RISK MANAGEMENT: 22. Financial innovation: achievements and prospects / Merton H. Miller - 23. Managing financial risk / Clifford W. Smith, Jr., Charles W. Smithson, D. Sykes Wilford - 24. Rethinking risk management / René M. Stulz - 25. Theory of risk capital in financial firms / Robert C. Merton, André F. Perold - 26. Corporate insurance strategy: the case of British Petroleum / Neil A. Doherty, Clifford W. Smith, Jr. - 27. Value at risk: uses and abuses / Christopher L. Culp, Merton H. Miller, Andrea M. P. Neves - PART VI. INTERNATIONAL FINANCE: 28. Financial markets and economic growth / Merton H. Miller - 29. Globalization, corporate finance, and the cost of capital / René Stulz - 30. Globalization of capital markets and the Asian financial crisis / E. Han Kim - 31. Incorporating country risk in the valuation of offshore projects / Donald R. Lessard - 32. Yankee bonds and cross-border private placements: an update / Greg Johnson - 33. Financial risk management for developing countries: a policy overview / Donald R. Lessard - PART VII. INTERNATIONAL CORPORATE GOVERNANCE: 34. Is American corporate governance fatally flawed? / Merton H. Miller - 35. The role of corporate governance in South Korean economic reform / Kenneth Scott - 36. Corporate ownership and control in the U.K., Germany, and France / Juliann Franks, Colin Mayer - 37. Universal banks are not the answer to America's corporate governance "problem": a look at Germany, Japan, and the U.S. / Jonathan R. Macey, Geoffrey P. Miller - 38. Which capitalism? Lessons from the East Asian crisis / Raghuram G. Rajan, Luigi Zingales - 39. Measuring the effectiveness of different corporate governance systems: toward a more scientific approach / Jonathan R. Macey - EPILOGUE: 40. Merton Miller's contribution to modern finance / René M. Stulz.
Bibliography Note:Includes bibliographical references and index.
Note:"All financial decisions are based on some theory of capital market pricing. The purpose of this book is to develop the channel of communication between the academic and business communities and to help close the rift between finance theory and corporate practice by translating current academic research into practical recommendations for corporate management. The 40 authoritative articles are organized in seven sections (financial markets, corporate investment decisions, the financing decision including capital structure and finance vehicles, risk management, international finance, and international corporate governance), successfully achieving a balance between theoretical rigor and applicability as well as analytical precision and clarity of expression. Articles are drawn entirely from Bank of America's Journal of Applied Corporate Finance. Five of the seven sections begin with an article by Merton Miller, winner of the 1990 Nobel Prize in Economics, who is widely regarded as the "father of modern finance." The fourth edition of this work honors Miller's efforts to communicate the social value of financial markets to a broader audience." -- Choice review
Note:Recommended in Resources for College Libraries
