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.
|Published (Last):||6 April 2008|
|PDF File Size:||2.90 Mb|
|ePub File Size:||20.60 Mb|
|Price:||Free* [*Free Regsitration Required]|
This second volume of a two-part series examines three major topics. First, it devotes five chapters to the classical issue of capital structure choice. Second, it focuses on the value-implications of major corporate investment and restructuring decisions, and then concludes by surveying the role of pay-for-performance type executive compensation contracts on managerial incentives and risk-taking behavior.
In collaboration with the first volume, this handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues.
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. University, research, and major public libraries with finance and economics holdings, academics in finance and economics. This handbook will serve as a very useful reference for both new and experienced corporate finance scholars.
This handbook represents a monumental effort in systematizing and analyzing the most important areas of this work. The quality and depth of the analysis make it a must for researchers and practitioners in corporate finance. Professor B. He teaches advanced MBA courses in the areas of corporate finance, corporate takeovers and international corporate governance.
Professor Eckbo, who received a PhD in financial economics from the University of Rochester in , has published extensively in the top finance journals in the areas of corporate finance, investment banking, and the market for corporate control. He is a recipient of an honorary doctoral degree from the Norwegian School of Economics, the prestigious Batterymarch Fellowship, as well as several outstanding-paper awards.
He was called in by the U. We are always looking for ways to improve customer experience on Elsevier. We would like to ask you for a moment of your time to fill in a short questionnaire, at the end of your visit.
If you decide to participate, a new browser tab will open so you can complete the survey after you have completed your visit to this website. Thanks in advance for your time. Skip to content. Search for books, journals or webpages All Pages Books Journals.
However, due to transit disruptions in some geographies, deliveries may be delayed. Editor: B. Espen Eckbo. Hardcover ISBN: Imprint: North Holland. Published Date: 24th October Page Count: View all volumes in this series: Handbooks in Finance. For regional delivery times, please check When will I receive my book? Sorry, this product is currently out of stock. Flexible - Read on multiple operating systems and devices.
Easily read eBooks on smart phones, computers, or any eBook readers, including Kindle. Institutional Subscription. Free Shipping Free global shipping No minimum order. Introduction 2. The Miller and Modigliani irrelevance propositions 3. Dividends and taxes 4. Agency relationships and dividend policy 5.
Asymmetric information and payout policy 6. Share repurchases 7. Alternative theories and new stylized facts 8. Taxes and capital structure—the U. Taxes and capital structure—international tax issues 4. Taxes, LBOs, corporate restructuring, and organizational form 5. Taxes and payout policy 6. Taxes and compensation policy 7. Taxes, corporate risk management, and earnings management 8.
Tax shelters 9. Theory 3. Evidence 4. Conclusion 5. Theoretical framework 3. Asset restructuring 4. Debt workouts 5. Governance of distressed firms 6. Bankruptcy costs 7. The success of chapter 11 reorganization 8. International evidence 9. Takeover activity 3. Bidding strategies 4. Takeover gains 5. Bondholders, executives, and arbitrageurs 6.
Takeovers, competition and antitrust 7. Restructurings and the boundaries of the firm 3. Divestitures 4. Spinoffs 5. Equity carveouts 6. Tracking stocks 7. Leveraged recapitalizations 8. Leveraged buyouts LBO 9. Trends in executive compensation 3. Incentives and agency 4. Relative performance evaluation 5. Do incentives influence firm performance? Alternatives to the agency view 7.
Risk exposures and hedging 3. Benefits of risk management 4. The costs of risk management 5. Evidence on corporate hedging 6. Nine original chapters summarize research advances and future topics in the classical issues of capital structure choice, corporate investment behavior, and firm value Multinational comparisons underline the volume's empirical perspectives Complements the presentation of econometric issues, banking, and capital acquisition research covered by Volume 1.
Powered by. You are connected as. Connect with:. Thank you for posting a review! We value your input. Share your review so everyone else can enjoy it too.
Your review was sent successfully and is now waiting for our team to publish it. Reviews 0. Updating Results. Be the first to write a review. If you wish to place a tax exempt order please contact us.
Handbook of Empirical Corporate Finance SET
Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? 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.
Handbook of Corporate Finance, Volume 1