Handbook of Corporate Finance

Empirical Corporate Finance

Edited by

  • B. Espen Eckbo, Center for Corporate Governance Tuck School at Dartmouth, Hanover, NH, USA

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.
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Audience

Researchers and academics in economics and finance

 

Book information

  • Published: April 2007
  • Imprint: NORTH-HOLLAND
  • ISBN: 978-0-444-50898-0

Reviews

“This is an excellent collection of articles with very good authors and breadth of coverage. It is an important book for all scholars of corporate finance.” Franklin Allen University of Pennsylvania "This is an excellent collection of articles. These surveys will be very valuable for both research and teaching." Michael J. Fishman Northwestern University



Table of Contents

VOLUME 1PREFACE: EMPIRICAL CORPORATE FINANCEB. ESPEN ECKBOPART 1 – ECONOMETRIC ISSUES AND METHODOLGICAL TRENDSChapter 1Econometrics of event studiesS.P. KOTHARI and JEROLD B. WARNERChapter 2Self-selection models in corporate financeKAI LI and NAGPURNANAND R. PRABHALAChapter 3Auctions in corporate financeSUDIPTO DASGUPTA and ROBERT G. HANSENChapter 4Behavioral corporate financeMALCOLM BAKER, RICHARD S. RUBACK and JEFFERY WURGLERPART 2 – BANKING, PUBLIC OFFERINGS, AND PRIVATE SOURCES OF CAPITALChapter 5Banks in capital marketsSTEVEN DRUCKER and MANJU PURIChapter 6Security Offerings B. ESPEN ECKBO, RONALD W. MASULIS and ØYVIND NORLIChapter 7IPO underpricingALEXANDER LJUNGQVISTChapter 8Conglomerate firms and internal capital marketsVOJISLAV MAKSIMOVIC and GORDON PHILLIPSChapter 9Venture capitalPAUL GOMPERSEMPIRICAL CORPORATE FINANCE