Contents
Section 1 Trends in Finance Theory
Janette Rutterford
1 The World was their Oyster: International Diversification Pre-World War I
Janette Rutterford
CASE STUDY 1 Global Evidence on the Equity Risk Premium
Elroy Dimson, Paul Marsh and Mike Staunton
Jay R. Ritter
CASE STUDY 2 Do Fundamentals – or Emotions – Drive the Stock Market?
Marc Goedhart, Timothy Koller and David Wessels
Section 2 Adding Value Through Investment
Janette Rutterford
3 Why Bad Projects Are So Hard to Kill
Isabelle Royer
4 Realizing the Potential of Real Options: Does Theory Meet Practice?
Alexander Triantis
K. Leslie and M. Michaels
5 Mergers, MNEs and Innovation: The Need for New Research Approaches
Christian Berggren
CASE STUDY 4 Why Most Cross-Border Deals End in Tears
Simon London
Section 3 Adding Value Through Financing
Janette Rutterford
6 The Capital Structure Puzzle: Another Look at the Evidence
Michael J. Barclay and Clifford W. Smith, Jr.
7 Disappearing Dividends: Changing Firm Characteris or Lower Propensity to Pay?
Eugene F. Fama and Kenneth R. French
Richard Dobbs and Werner Rehm
Keith Boyfield
CASE STUDY 6 Death of the Dividend?
Adrian Wood
CASE STUDY 7 Sciona: A Venture Capital Case Study
Colin Bond
Jay R. Ritter
CASE STUDY 8 Google Press Cuttings
(A) Are You About to Get Googled?
Tony Glover
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