Hardback
Handbook of Corporate Finance
Expertly surveying the realm of corporate finance, this adroitly-crafted Handbook offers a wealth of conceptual analysis and comprehensively outlines recent scholarly research and developments within the field. It not only delves into the theoretical dimensions of corporate finance, but also explores its practical implications, thereby bridging the gap between these distinct strands.
More Information
Critical Acclaim
Contributors
Contents
More Information
Expertly surveying the realm of corporate finance, this adroitly-crafted Handbook offers a wealth of conceptual analysis and comprehensively outlines recent scholarly research and developments within the field. It not only delves into the theoretical dimensions of corporate finance, but also explores its practical implications, thereby bridging the gap between these distinct strands.
Featuring contributions from eminent scholars, chapters cover a wide range of central topics including corporate financing and payout policies, investment decisions and mergers and acquisitions. The Handbook also presents state-of-the-art thinking and evidence on key issues within these areas of study, namely product market competition, labour contracts and governance arrangements that protect the interests of capital providers. It further examines some of the most critical decisions made by corporate financial managers, setting out a number of unresolved issues that should be addressed in future scholarly inquiry.
Innovative and accessible, the Handbook of Corporate Finance will prove to be a fundamental resource for established academics and students interested in corporate governance, economics and finance, and business and management. Practitioners in the corporate finance world will similarly find this to be a beneficial read.
Featuring contributions from eminent scholars, chapters cover a wide range of central topics including corporate financing and payout policies, investment decisions and mergers and acquisitions. The Handbook also presents state-of-the-art thinking and evidence on key issues within these areas of study, namely product market competition, labour contracts and governance arrangements that protect the interests of capital providers. It further examines some of the most critical decisions made by corporate financial managers, setting out a number of unresolved issues that should be addressed in future scholarly inquiry.
Innovative and accessible, the Handbook of Corporate Finance will prove to be a fundamental resource for established academics and students interested in corporate governance, economics and finance, and business and management. Practitioners in the corporate finance world will similarly find this to be a beneficial read.
Critical Acclaim
‘This book offers a one-stop shop with 17 impressive chapters surveying important corporate finance topics, written by experts in each area. These up-to-date surveys provide the reader with the ability to efficiently learn about the important patterns and explanations in each area. The chapters also offer guidance for new research on unanswered questions.’
– Jay R. Ritter, University of Florida, US
‘A comprehensive and insightful overview of corporate finance.’
– John Graham, Duke University, US
‘This comprehensive Handbook, edited by Professor David Denis, brings together eminent academics who delve into various key areas, including corporate financing and payout policies, investment decisions, and governance arrangements. With a focus on the “state-of-the-art” research, this book serves as an indispensable resource for doctoral students, faculty, and practitioners seeking to explore the complexities of corporate finance. Each chapter provides a snapshot of current knowledge while highlighting unresolved issues, paving the way for future research in the field.’
– Raghavendra Rau, University of Cambridge, UK
– Jay R. Ritter, University of Florida, US
‘A comprehensive and insightful overview of corporate finance.’
– John Graham, Duke University, US
‘This comprehensive Handbook, edited by Professor David Denis, brings together eminent academics who delve into various key areas, including corporate financing and payout policies, investment decisions, and governance arrangements. With a focus on the “state-of-the-art” research, this book serves as an indispensable resource for doctoral students, faculty, and practitioners seeking to explore the complexities of corporate finance. Each chapter provides a snapshot of current knowledge while highlighting unresolved issues, paving the way for future research in the field.’
– Raghavendra Rau, University of Cambridge, UK
Contributors
Contributors include: Nihat Aktas, Alice Bonaime, Audra Boone, Murillo Campello, Jeffrey Coles, Naveen Daniel, David Denis, Diane Denis, Isil Erel, Murray Frank, Laurent Fresard, Vidhan Goyal, Kristine Hankins, Jarrad Harford, Gerard Hoberg, Yeejin Jang, Kathy Kahle, Gaurav Kankanhalli, Jonathan Karpoff, Mark Leary, Michelle Lowry, Nadya Malenko, Lalitha Naveen, Greg Nini, Naman Nishesh, Vasudha Nukala, Paige Ouimet, Gordon Phillips, Elena Simintzi, David Smith, Luxi Wang, Michael Weisbach, Michael Wittry
Contents
Contents:
Introduction to the Handbook of Corporate Finance 1
David J. Denis
PART I CORPORATE OBJECTIVES
1 The corporate objective function 7
Diane Denis
PART II CORPORATE FINANCING AND PAYOUT POLICIES
2 Empirical corporate capital structure 27
Murray Z. Frank and Vidhan K. Goyal
3 Corporate dividend policy 126
Mark Leary and Vasudha Nukala
4 Share repurchases 176
Alice Bonaimé and Kathleen Kahle
5 Corporate cash holdings 223
David J. Denis and Luxi Wang
6 Leveraged finance 249
Greg Nini and David C. Smith
7 Risk management 294
Kristine W. Hankins and Gerard Hoberg
PART III MERGERS, ACQUISITIONS, AND TAKEOVER DEFENSES
8 The private deal process in mergers and acquisitions 323
Nihat Aktas and Audra Boone
9 Cross-border mergers and acquisitions 345
Isil Erel, Yeejin Jang, and Michael S. Weisbach
10 Merger waves: a survey of the literature 377
Jarrad Harford
11 Corporate takeover defenses 410
Jonathan M. Karpoff and Michael D. Wittry
PART IV CORPORATE OWNERSHIP AND GOVERNANCE STRUCTURES
12 Survey of boards’ monitoring and advisory roles 456
Jeffrey L. Coles, Naveen D. Daniel, and Lalitha Naveen
13 The blurring lines between private and public ownership 479
Michelle Lowry
14 Information flows, organizational structure, and corporate governance 511
Nadya Malenko
PART V OTHER IMPORTANT INFLUENCES ON CORPORATE FINANCE
DECISIONS
15 Corporate decision-making under uncertainty: review and future research
directions 548
Murillo Campello and Gaurav Kankanhalli
16 Product markets, competition and corporate finance: a review and directions
for future research 591
Laurent Frésard and Gordon M. Phillips
17 Labor and corporate finance 647
Naman Nishesh, Paige Ouimet, and Elena Simintzi
Index 674
Introduction to the Handbook of Corporate Finance 1
David J. Denis
PART I CORPORATE OBJECTIVES
1 The corporate objective function 7
Diane Denis
PART II CORPORATE FINANCING AND PAYOUT POLICIES
2 Empirical corporate capital structure 27
Murray Z. Frank and Vidhan K. Goyal
3 Corporate dividend policy 126
Mark Leary and Vasudha Nukala
4 Share repurchases 176
Alice Bonaimé and Kathleen Kahle
5 Corporate cash holdings 223
David J. Denis and Luxi Wang
6 Leveraged finance 249
Greg Nini and David C. Smith
7 Risk management 294
Kristine W. Hankins and Gerard Hoberg
PART III MERGERS, ACQUISITIONS, AND TAKEOVER DEFENSES
8 The private deal process in mergers and acquisitions 323
Nihat Aktas and Audra Boone
9 Cross-border mergers and acquisitions 345
Isil Erel, Yeejin Jang, and Michael S. Weisbach
10 Merger waves: a survey of the literature 377
Jarrad Harford
11 Corporate takeover defenses 410
Jonathan M. Karpoff and Michael D. Wittry
PART IV CORPORATE OWNERSHIP AND GOVERNANCE STRUCTURES
12 Survey of boards’ monitoring and advisory roles 456
Jeffrey L. Coles, Naveen D. Daniel, and Lalitha Naveen
13 The blurring lines between private and public ownership 479
Michelle Lowry
14 Information flows, organizational structure, and corporate governance 511
Nadya Malenko
PART V OTHER IMPORTANT INFLUENCES ON CORPORATE FINANCE
DECISIONS
15 Corporate decision-making under uncertainty: review and future research
directions 548
Murillo Campello and Gaurav Kankanhalli
16 Product markets, competition and corporate finance: a review and directions
for future research 591
Laurent Frésard and Gordon M. Phillips
17 Labor and corporate finance 647
Naman Nishesh, Paige Ouimet, and Elena Simintzi
Index 674
