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eISBN : 9780080932118

Sommaire : Introduction to the series
Contents of the handbook
Preface: Empirical corporate finance
Volume 2

PART 3: Dividends, capital structure, and financial distress

Chapter 10: Payout policy
Abstract
Keywords
1. Introduction
2. The Miller and Modigliani irrelevance propositions
3. Dividends and taxes
4. Agency relationships and dividend policy
5. Asymmetric information and payout policy
6. Share repurchases
7. Alternative theories and new stylized facts
8. Conclusion

Chapter 11: Taxes and corporate finance
Abstract
Keywords
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
Abstract
Keywords
1. Introduction
2. Theory
3. Evidence
4. Conclusion
5. Appendix: the stylized facts

Chapter 13: Capital structure and corporate strategy
Abstract
Chapter 14: Bankruptcy and the resolution of financial distress
Abstract
Keywords
1. Introduction
2. Theoretical framework
3. Asset restructuring
4. Debt workouts
5. Governance of distressed firms
6. Bankruptcy costs
7. The success of chapter 11 reorganization
8. International evidence
9. Conclusion

PART 4: Takeovers, restructurings, and managerial incentives

Chapter 15: Corporate takeovers
Abstract
Keywords
1. Introduction
2. Takeover activity
3. Bidding strategies
4. Takeover gains
5. Bondholders, executives, and arbitrageurs
6. Takeovers, competition and antitrust
7. Summary and conclusions

Chapter 16: Corporate restructuring: breakups and LBOs
Abstract
Keywords
1. Introduction
2. Restructurings and the boundaries of the firm
3. Divestitures
4. Spinoffs
5. Equity carveouts
6. Tracking stocks
7. Leveraged recapitalizations
8. Leveraged buyouts (LBO)
9. Conclusions

Chapter 17: Executive compensation and incentives
Abstract
Keywords
1. Introduction
2. Trends in executive compensation
3. Incentives and agency
4. Relative performance evaluation
5. Do incentives influence firm performance?
6. Alternatives to the agency view
7. Conclusion

Chapter 18: Managing corporate risk
Abstract
Keywords
1. Introduction
2. Risk exposures and hedging
3. Benefits of risk management
4. The costs of risk management
5. Evidence on corporate hedging
6. Conclusion
Author index
Subject index

Notes : *3 users

Langue : Français

Localisation : Bibliothèque Campus de Nice

Support : Numérique

Etat : Présent

Propriétaire : Bibliothèque