Book description
This two-volume set summarizes recent research on corporate decision-making. The first volume covers measurement and theoretical subjects as well as sources of capital, including banks, public offerings, and private investors. In the second volume, contributors focus on the ways corporations are structured and the practices through which they can be bought and sold. Thus, its major subjects include dividends, capital structure, financial distress, takeovers, restructurings, and managerial incentives.- Takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues
- Discusses everything from econometric methodology, to raising capital and capital structure choice, and to managerial incentives and corporate investment behavior
- Contributors are leading empirical researchers that remain active in their respective areas of expertise
- Writing style makes the chapters accessible to industry practitioners
Table of contents
- Cover image
- Title page
- Table of Contents
- Copyright page
- Introduction to the Series
- Preface: Empirical Corporate Finance
- Part 1: Econometric Issues and Methodological Trends
-
Part 2: Banking, Public Offerings, and Private Sources of Capital
-
Chapter 5: Banks in Capital Markets
- Abstract
- 1 Introduction
- 2 Commercial banks as underwriters: Theoretical literature
- 3 Empirical evidence on conflicts of interest
- 4 Empirical evidence on competition between commercial and investment banks
- 5 International evidence
- 6 The indirect role of commercial banks on capital markets
- 7 Extensions
- 8 Concluding remarks
- Chapter 6: Security Offerings
- Chapter 7: IPO Underpricing
- Chapter 8: Conglomerate Firms and Internal Capital Markets
- Chapter 9: Venture Capital
-
Chapter 5: Banks in Capital Markets
-
Part 3: Dividends, Capital Structure, and Financial Distress
- Chapter 10: Payout Policy
-
Chapter 11: Taxes and Corporate Finance
- Abstract
- 1 Introduction
- 2 Taxes and capital structure—the U.S. tax system
- 3 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 Summary and suggestions for future research
- Chapter 12: Trade-Off and Pecking Order Theories of Debt
- Chapter 13: Capital Structure and Corporate Strategy
- Chapter 14: Bankruptcy and the Resolution of Financial Distress
- Part 4: Takeovers, Restructurings, and Managerial Incentives
Product information
- Title: Handbook of Empirical Corporate Finance SET
- Author(s):
- Release date: December 2008
- Publisher(s): North Holland
- ISBN: 9780080559568
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