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e-book : Handbook of the economics of finance. Volume 1a. Corporate Finance.

Livre électronique

CONSTANTINIDES George M. (Sous la dir.) ; HARRIS Milton (Sous la dir.) ; STULZ René M.

NORTH HOLLAND

2003

659

THEORIE FINANCIERE ; FINANCE D'ENTREPRISE ; FINANCEMENT ; DECISION ; GESTION FINANCIERE INTERNATIONALE

Lien ebook : http://ezproxy.univ-catholille.fr/login?url=https://www.vleb...

eISBN : 9780080495071

Sommaire : Contents of volume 1a
Introduction to the Series
Contents of the Handbook
Preface
Corporate finance
Chapter 1 Corporate Governance and Control
Abstract
Keywords
1. Introduction
2. Historical origins: a brief sketch
3. Why corporate governance is currently such a prominent issue
4. Conceptual framework
5. Models
6. Comparative perspectives and debates
6.1. Comparative systems
7. Empirical evidence and practice
8. Conclusion
References
Chapter 2 Agency, Information and Corporate Investment
Abstract
Keywords
1. Introduction
Part A. Investment at the firm level
2. Theoretical building blocks: investment at the firm level
3. Evidence on investment at the firm level
4. Macroeconomic implications
Part B. Investment inside firms
5. Theoretical work on internal capital allocation
6. Empirical work on internal capital allocation
7. Conclusions: implications for the boundaries of the firm
References
Chapter 3 Corporate Investment Policy
Abstract
Keywords
1. Introduction
2. The objective of the firm and the net-present-value rule
3. Valuation by discounting
4. Practical approaches to estimating discount rates
5. The certainty equivalent approach to valuation
6. Summary
References
Chapter 4 Financing of Corporations
Abstract
Keywords
1. Introduction
1.1. Theories of optimal financing
2. The Modigliani—Miller value-irrelevance propositions
3. The trade-off theory
4. The pecking-order theory
5. Agency theories of capital structure
6. What next?
References
Chapter 5 Investment Banking and Securities Issuance
Abstract
Keywords
1. Introduction
2. Seasoned equity offerings (SEOs)
3. Short-run and long-run reactions to corporate financing activities
4. Initial public offerings (IPOs)
5. Summary
References
Chapter 6 Financial Innovation
Abstract
Keywords
1. Introduction
2. What is financial innovation?
3. Why do financial innovations arise? What functions do they serve?
4. Who innovates? The identities of and private returns to innovators
5. The impact of financial innovation on society
6. Issues on the horizon: patenting and intellectual property
7. Summary
References
Chapter 7 Payout Policy
Abstract
Keywords
1. Introduction
2. Some empirical observations on payout policies
3. The Miller–Modigliani dividend irrelevance proposition
4. How should we measure payout?
5. Taxes
6. Asymmetric information and incomplete contracts – theory
7. Empirical evidence
8. Transaction costs and other explanations
9. Repurchases
10. Concluding remarks
References
Chapter 8 Financial Intermediation
Abstract
Keywords
1. Introduction
2. The existence of financial intermediaries
3. Interactions between banks and borrowers
4. Banking panics and the stability of banking systems
5. Bank regulation, deposit insurance, capital requirements
6. Conclusion
References
Chapter 9 Market Microstructure
Abstract
Keywords
1. Introduction
2. Markets, traders and the trading process
3. Microstructure theory – determinants of the bid–ask spread
4. Short-run price behavior and market microstructure
5. Evidence on the bid—ask spread and its sources
6. Price effects of trading
7. Market design
8. The market for markets: centralization versus fragmentation of trading
9. Other markets
9.1. Bond market
10. Asset pricing and market microstructure
11. Conclusions
References
Subject Index

Langue : Anglais

Localisation : Bibliothèque Campus de Nice

Support : Numérique

Etat : Présent

Propriétaire : Bibliothèque