Empirical Corporate Finance, Volume 2
Michael J. Brennan
Edward Elgar Pub., Jan 1, 2001 - Business & Economics - 2312 pages
This four-volume collection contains a comprehensive selection of over 70 modern papers in empirical corporate finance. The volumes are arranged by subject matter, reflecting the broad stages in the life-cycle of the firm, starting with venture capital and initial public offering, and then moving on to events that characterize corporate maturity: dividend policy, investment policy, coroprate governance issues, and financing strategy. The volume concludes with sections on takeovers and bankruptcy.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Charles P Himmelberg R Glenn Hubbard and Darius Palia 1999
David J Denis Diane K Denis and Atulya Sarin 1997 Agency
abandonment option abnormal returns agency problems announcements assets average award beta block purchase block share purchases blockholders book value capital expenditures CAPM cash flow forecasts coefficient companies compensation complete turnover Compressed APV COMPUSTAT CRSP debt decreases dependent variable diversification dummy variable EBITDA effects equity estimates evidence excess value executive compensation executives Fama Financial Economics Financial Economics 44 firm performance firm value firm's franchise full-period growth HLTs HML slopes hypothesis incentives increase industry investment investors Jensen and Murphy Journal of Financial management turnover managerial ownership market value measure median mutual thrifts negative organizational form p-value panel pay-performance sensitivities percent percentage period proxy PVCF ratio relative performance evaluation reported risk loadings risk premium sample segments shareholders significant statistically stock options stock returns stock thrifts Table Tobin's Q top management transaction value valuation variance voting premium voting shares wealth zero