The New Corporate Finance: Where Theory Meets Practice
Donald H. Chew
McGraw-Hill, 1993 - Corporations - 680 pages
This book consists of 57 articles written by financial economists examining the implications of market efficiency for the following aspects of corporate management: evaluating capital investment opportunities; setting capital structure and dividend policies; raising capital and choosing among the spectrum of financial vehicles; managing corporate risks; corporate restructuring designed to increase stockholder value; and reorganization of financially troubled companies.
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HOW RATIONAL INVESTORS DEAL WITH UNCERTAINTY OR REPORTS
HOW INVESTORS INTERPRET CHANGES IN CORPORATE FINANCIAL POLICY
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acquisitions announcements arbitrage assets average bank benefits bondholders buyout call option callable callable bond capital markets capital structure carve-out changes common stock companies company's competitive convertible Corporate Finance costs coupon decisions discount dividend dollar earnings effect equity offerings example exchange rates expected exposure Financial Economics firm firm's forward contract free cash flow funds futures contract futures price gains growth hedging higher hostile takeovers incentives increase industry interest rate swaps investment investors issue issuer Journal of Financial junk bonds leverage LIBOR liquidity loans market value maturity ment million net present value operating ownership payments percent portfolio positive potential preferred stock premium present value profits project financing purchase put option real estate reduce restructuring securities sell share price shareholders stock market stock price stockholders strategy subsidiary targets tion trading transactions underwriter Unocal venture capitalist volatility zero coupon bonds