Handbook of the Economics of Finance
Corporate Finance

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

9780444513625, Elsevier Science

Hardback, published 4 November 2003

654 pages
24.4 x 17.5 x 3.5 cm, 1.17 kg

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.

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).

Subject Areas: Corporate finance [KFFH]