Edited By G.M. Constantinides, University of Chicago, Chicago, IL, USA M. Harris, University of Chicago, Chicago, IL, USA R.M. Stulz, The Ohio State University, Columbus, OH, USA
Description Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the
financing decision. Though managers play no independent role in the work of Miller and Modigliani, major contributions
in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary
to understand the forces that lead managers to maximize the wealth of shareholders.
Contents Preface (G. Constantinides, M. Harris, R. Stulz). Corporate Governance and Control (M. Becht, P. Bolton, A. Roell). Agency, Information
and Corporate Investment (J. Stein). Corporate Investment Policy (M.J. Brennan). Financing Policies (S. Myers). Investment Banking and
Security Issuance (J. Ritter). Financial Innovation (P. Tufano). Payout Policy (F. Allen, R. Michaely). Financial Intermediation (G.
Gorton, A. Winton). Market Microstructure (H.R. Stoll).
Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas. EUR prices apply in Europe. GBP prices apply to the UK and all other countries. Customers who order on-line from the Americas will be invoiced in USD and all other countries will be invoiced in GBP.
