Handbook of the economics of finance, Volume 1A: Corporate finance

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 the work of Miller and Modigliani, major contributions in finance since then have shown that manage...

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Bibliographic Details
Main Author: Constantinides, George M.
Other Authors: Harris, Milton, Stulz, René M.
Format: eBook
Language:English
Published: Amsterdam Elsevier/North-Holland 2003
Edition:1st ed
Series:Handbooks in economics
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
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245 0 0 |a Handbook of the economics of finance, Volume 1A: Corporate finance  |c edited by George M. Constantinides, Milton Harris and René M. Stulz 
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505 0 |a Includes bibliographical references and index 
505 0 |a Preface (G. Constantinides, M. Harris, R. Stulz). Corporate Governance and Control (M. Becht, P. Bolton, A. Roell). Agency, Information and Corporate Investment (J. Stein). Corporate Investment Policy (M.J. Brennan). Financing Policies (S. Myers). Investment Banking and Security Issuance (J. Ritter). Financial Innovation (P. Tufano). Payout Policy (F. Allen, R. Michaely). Financial Intermediation (G. Gorton, A. Winton). Market Microstructure (H.R. Stoll) 
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520 |a 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 the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders