Handbook of the Economics of Finance, Volume 1A

1st Edition

Corporate Finance

Editors: George M. Constantinides M. Harris Rene M. Stulz
Hardcover ISBN: 9780444513625
eBook ISBN: 9780080495071
Imprint: North Holland
Published Date: 1st September 2003
Page Count: 654
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Table of 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).

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.


Details

No. of pages:
654
Language:
English
Copyright:
© North Holland 2003
Published:
Imprint:
North Holland
eBook ISBN:
9780080495071
Hardcover ISBN:
9780444513625

Reviews

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.


About the Editors

George M. Constantinides Editor

Affiliations and Expertise

University of Chicago, Chicago, IL, USA

M. Harris Editor

Affiliations and Expertise

University of Chicago, Chicago, IL, USA

Rene M. Stulz Editor

Affiliations and Expertise

The Ohio State University, Columbus, OH, USA