Overview

This Handbook presents a synopsis of the current state of various aspects of the theory of financial economics and its application to important financial problems. The chapters, which are tutorial and survey-like in nature, have been written by leading experts in the field. The contributions are in two broad categories: capital markets and corporate finance. The key topics of the theory are included with strong emphasis on empirical work and practice. The volume should serve as a primary reference work for financial economics and financial modelling students, faculty and practitioners. The expository treatments are suitable for masters and PhD students, with discussions leading from first principles to current research, with reference to important research works in the area.

Full Product Details

Author:   R.A. Jarrow (Cornell University) ,  Vojislav Maksimovic (University of Maryland) ,  W. T. Ziemba (University of British Columbia)
Publisher:   Elsevier Science & Technology
Imprint:   North-Holland
Volume:   9
Weight:   2.230kg
ISBN:  

9780444890849

ISBN 10:   044489084
Pages:   1196
Publication Date:   15 December 1995
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Unknown
Availability:   Out of stock  

Table of Contents

Part 1 Capital markets: portfolio theory, G.M. Constantinides and A.G. Malliaris; finite state securities market modes and arbitrage, V. Naik; capital growth theory, N.H. Hakansson and W.T. Ziemba; the arbitrage pricing theory and multifactor models of asset returns, G. Connor and R.A. Korajczyk; theory and empirical testing of asset pricing models, W.E. Ferson; international portfolio choice and asset pricing - an integrative survey, R.M. Stulz; a discrete time synthesis of derivative security valuation using a term structure of futures prices, P.P. Carr and R.A. Jarrow; pricing interest rate options, R.A. Jarrow; term structure of interest rates and the pricing of fixed income claims and bonds, T.A. Marsh; programme trading and stock index arbitrage, L. Canina and S. Figlewski; mortgage backed securities, W.N. Torous; market microstructure, D. Easley and M. O'Hara; financial decision-making in markets and firms - a behavioural perspective, W.F.M. De Bondt and R.H. Thaler; volatility, S.F. LeRoy and D.G. Steigerwald; asset and liability allocation in a global environment, J.M. Mulvey and W.T. Ziemba; stock market crashes, A.W. Kleidon; on the predictability of common stock returns - world-wide evidence, G. Hawawini and D.B. Keim; efficiency of sports and lottery betting markets, D.B. Hausch and W.T. Ziemba; performance evaluation, M. Grinblatt and S. Titman; market manipulation, J.A. Cherian and R.A. Jarrow. Part 2 Corporate finance: real options, G. Sick; corporate financial structure, incentives and optimal contracting, F. Allen and A. Winton; financing investment under asymmetric information, K. Daniel and S. Titman; financial structure and the tax system, P. Swoboda and J. Zechner; dividend policy, F. Allen and R. Michaely; mergers and acquisitions - strategic and informational issues, D. Hirshleifer; financial structure and product market competition, V. Maksimovic; financial distress, bankruptcy and reorganization, L. Senbet and J.K. Seward; empirical methods of event studies in corporate finance, R. Thompson; initial public offerings, R.G. Ibbotson and J.R Ritter; seasoned equity offerings - a survey, B.E. Eckbo and R.W. Masulis; financial intermediation and the market for credit, A.V. Thakor; the US savings and loan crisis, D.H. Pyle.

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