Handbook of the Economics of Finance: Corporate Finance

by George M. Constantinides (Editor), M. Harris (Editor), Rene M. Stulz (Editor)

Overview

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.

Product Details

ISBN-13:	9780080495071
Publisher:	Elsevier Science
Publication date:	11/04/2003
Series:	ISSN , #1
Sold by:	Barnes & Noble
Format:	eBook
Pages:	654
File size:	9 MB

About the Author

Milt Harris is a Fellow of the Econometric Society and of the American Finance Association. He is past president of the Western Finance Association and the Society for Financial Studies.

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).

What People are Saying About This

From the Publisher

Detailed surveys of major subjects in corporate finance and financial markets for graduate students and professors

Editorial Reviews

"A scholarly compendium of contemporary research in Financial Economics which will be of great value not only for researchers in finance but also for researchers in many other of economics including money and banking, growth and development, international economics, public finance, and macro economics." —Edward C. Prescott, Nobel Laureate, Arizona State University

"This Handbook provides a timely and comprehensive account of the state-of-the-art of Financial Economics, including corporate finance and asset pricing, written by many of the leading names in their respective fields." —Harry M.Markowitz, Nobel Laureate, University of California, San Diego

From the Publisher