Handbook of Corporate Finance: Empirical Corporate Finance
B. Espen Eckbo
Elsevier, May 21, 2007 - Business & Economics - 558 pages
Judging by the sheer number of papers reviewed in this Handbook, the empirical analysis of firms’ financing and investment decisions—empirical corporate finance—has become a dominant field in financial economics. The growing interest in everything “corporate is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific—but nevertheless important—source of inspiration is a growing awareness of the important social implications of corporate behavior and governance. This Handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues, ranging from econometric methodology, to raising capital and capital structure choice, and to managerial incentives and corporate investment behavior. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.
*The Handbooks in Finance series offers a broad group of outstanding volumes in various areas of finance
*Each individual volume in the series should present an accurate self-contained survey of a sub-field of finance
*The series is international in scope with contributions from field leaders the world over
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Handbook of corporate finance : empirical corporate finance, Volume 2
Bjørn Espen Eckbo
No preview available - 2007
abnormal performance abnormal returns adverse selection allocation announcement effects assets asymmetric asymmetric information auction theory average bidder cash commercial banks companies conflicts of interest conglomerate corporate finance debt issues decisions discount diversification diversified firms dividend efficiency empirical equation equity issues Espen Eckbo estimate event study evidence examine expected Financial Economics firm commitment firm’s flotation method incentive increase industry information asymmetry initial public offerings investment banks investors IPO underpricing issuance issuers Journal of Financial lending relationships literature Ljungqvist loans long-horizon long-run managers market reaction matching merger mispricing negative offer price optimal period portfolio positive predictions prior private information private placement Puri regression rights offer risk Ritter sample seasoned equity offerings security offerings segments self-selection selling SEOs shareholders shares single-segment firms standby statistical stock price stock returns Stulz takeover target tests toeholds underwriter underwriter spreads uninsured rights valuation variables venture capital venture capitalists
Page iv - Each individual volume in the series presents an accurate self-contained survey of a sub-field of finance, suitable for use by finance and economics professors and lecturers, professional researchers, graduate students and as a teaching supplement. The goal is to have a broad group of outstanding volumes in various areas of finance.
Page iv - ... Forthcoming: HANDBOOKS IN FINANCE Series Editor: William. T. Ziemba, Faculty of Commerce, University of British Columbia, Vancouver, BC V6T 1Z2, Canada Advisory Editors: Kenneth J. Arrow, Stanford University, George Constantinides, University of Chicago, Harry M. Markowitz, City University of New York, Robert C. Merton, Harvard University, Stewart C. Myers, Massachusetts Institute of Technology, Paul A. Samuelson, Massachusetts Institute of Technology, William F. Sharpe, Stanford University,...