For MBA/undergraduate-level courses Advanced Corporate Finance.The first text devoted exclusively to modern advanced corporate finance, this book provides a comprehensive exploration of theoretical and empirical literature on corporate financial policies and strategies-particularly those of U.S. nonfinancial firms- defined in rational, economic terms. The text defines corporate financial policies and strategies broadly to include not only 1) managerial decisions regarding the issuance and retirement of debt and equity securities and the firm's overall capital structure, but also decisions regarding issues such as 2) the firm's governance and ownership structures, 3) contracting between a firm and its management, creditors, and other stakeholders, 4) dividends and stock repurchases, 5) mergers, acquisitions, takeovers, buyouts, equity carve-outs, spin-offs, etc., 6) financial distress and its resolution, and 7) risk management and the design of securities. Throughout, application of theory is often shown in relation to financial decisions made by a specific firm.
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Devoted exclusively to modern advanced corporate finance, this volume provides a comprehensive exploration of theoretical and empirical literature on corporate financial policies and strategies - particularly those of US non-financial firms - defined in rational, economic terms.
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I. CORPORATE FINANCE: THEORY AND EVIDENCE. 1. Empirical Perspectives on The Financial Characteristics of Publicly Traded U.S. Nonfinancial Firms. 2. Valuation and Financing Decisions in an Ideal Capital Market. 3. Separation of Ownership and Control, Principal-Agent Conflicts, and Financial Policies. 4. Information Asymmetry and the Markets for Corporate Securities. 5. The Roles of Government, Securities Markets, Financial Institutions, Ownership Structure, Board Oversight, and Contract Devices. 6. The Leverage Decision. II. ANALYSES OF THE FIRM AND THE VALUATION OF EQUITY AND DEBT. 7. Industry Analysis and Financial Policies and Strategies. 8. The Firm's Environment, Governance, Strategy, Operations, and Financial Structure. 9. Market Efficiency, Event Studies, Cost of Equity Capital, and Equity Valuation. 10. Corporate Bonds: Terms, Issuance, and Valuation. III. MANAGING EQUITY AND DEBT. 11. Private Equity and Venture Capital. 12. Initial Public Offerings of Stock. 13. Managing Internal Equity and Seasoned Equity Offerings. 14. Dividend Policy and Stock Repurchases. 15. Corporate Liabilities: Strategic Selections of Lenders and Contract Terms. IV. THE MARKETS FOR CORPORATE CONTROL. 16. Mergers, Acquisitions, Takeovers, and Buyouts. 17. Financial Distress and Restructuring. 18. Debt Restructuring, Being Acquired, Bankruptcy, Reorganization, and Liquidation. V. ORGANIZATIONAL ARCHITECTURE, RISK MANAGEMENT, AND SECURITY DESIGN. 19. Organizational Architecture, Risk Management, and Security Design. Selected Solutions. Index.
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Produktdetaljer

ISBN
9780130915689
Publisert
2002-10-18
Utgiver
Vendor
Pearson
Vekt
1220 gr
Høyde
232 mm
Bredde
195 mm
Dybde
35 mm
Aldersnivå
06, P
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
720

Biographical note

Joseph P Ogden is presently an associate professor of finance at the University all Buffalo, SUNY He has published articles in a number of professional journals, including Journal of Finance, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Financial Management, and Review of Quantitative Finance and Accounting. He was chairman of the Department of Finance and Managerial Economics in SUNY-Buffalo's School of Management from 1994 to 1999. He is also involved in financial consulting. Dr. Ogden received his; Ph.D. in finance from Purdue University, his MBA from Oklahoma State University, and his B.S. in psychology from the University of South Dakota.

Frank C. Jen is M&T Chair Professor in Banking (emeritus) at the University at: Buffalo, SUNY He has published articles in numerous academic and professional journals, including Journal of Finance, American Economic Review, Journal of Business Journal of Financial and Quantitative Analysis, Journal of Applied Corporate Finance, Journal of Commercial Lending, and Review of Quantitative Finance and Accounting.

Dr. Jen is extensively involved in international activities, including designing and teaching international executive education programs, doing research on global issues, and coordinating and presenting papers at international conferences. He was Co-Director and Director of the University at Buffalo's China MBA Program from 1984 to 1991, and he helped found the National Center for Industrial Science and Technology Management Development in Dalian, China in 1980. He served as Visiting Professor and Associate Dean, American Faculty from 1980 to 1991. He is now cooperating with many different groups on executive education in China. His Advanced Commercial Lending program designed principally for U.S. bankers has attracted participants from Korea, Thailand, Indonesia, Malaysia, Taiwan, and the United Arab Emirates. Dr. Jen received his Ph.D. and MBA in finance from the University of Wisconsin, and his B.S. from North Central College.

Philip F. O'Connor has been assistant professor of finance at the University at Buffalo, SUNY, at the University of Wyoming, and is currently a finance professor at Southern Utah University. He has conducted research on corporate finance issues such as the resolution of financial distress and the firm's claim structure, and determinants of the firm's debt structure. Dr. O'Connor received his Ph.D. from the University of Maryland, his MBA from the University of Wisconsin, and his B.M.S. from the University of Waikato, New Zealand.