Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying som
Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the financing decision. Though managers play no independent role in
Volume 1B covers the economics of financial markets: the saving and investment decisions; the valuation of equities, derivatives, and fixed income securities; and market microstructure.
The 12 articles in this second of two volumes condense recent advances on investment vehicles, performance measurement and evaluation, and risk management into a coherent springboard for future resear
In the 11 articles in this first of two volumes, top scholars will summarize and analyze recent scholarship in?corporate finance.? Covering subjects from corporate taxes to behavioral corporate financ
