Teams That Lead or Revolution in Corporate Finance

Teams That Lead: A Matter of Market Strategy, Leadership Skills, and Executive Strength

Author: Theresa Klin

This book will be of interest to students and professors in MBA programs and post-degree leadership programs, organizational behavior, public policy, and psychology courses. Practitioners such as consultants, facilitators, trainers, and executive coaches will also be interested.

See also: Semiconductor Manufacturing Technology or Consumer Behavior

Revolution in Corporate Finance

Author: Liza H Jacobs

The Revolution in Corporate Finance has established itself as a key text for students of corporate finance with wide use on a range of courses. Using seminal articles from the highly regarded Bank of America Journal of Applied Corporate Finance, it gives students real insight into the practical implications of the most recent theoretical advances in the field. This extensively revised and updated fourth edition contains a significant amount of new material while retaining key original articles from previous editions. It offers, in one volume, coverage of the latest academic thinking, written by leading financial economists in a way that is accessible to students and corporate management.

• Uses seminal articles from the highly regarded Bank of America Journal of Applied Corporate Finance.

• Gives insight into the practical implications of recent theoretical advances in the field.

• Enhanced by new material, including two new sections on International Finance and International Corporate Governance.

• Highlights contributions of Nobel Laureate Merton Miller to the field of Finance.

Table of Contents:

	Preface to the Fourth Edition
	Preface to the First Edition
Pt. I	Financial Markets	1
1	The History of Finance: An Eyewitness Account	3
2	The Theory of Stock Market Efficiency: Accomplishments and Limitations	10
3	Market Myths	25
4	An Analysis of Trading Profits: How Trading Rooms Really Make Money	44
Pt. II	The Corporate Investment Decision	51
5	Finance Theory and Financial Strategy	54
6	In Defense of Beta	63
7	The Liquidity Route to a Lower Cost of Capital	70
8	The Promise of Real Options	89
9	Real Options: State of the Practice	106
Pt. III	The Financing Decision I: Capital Structure	125
10	The Modigliani-Miller Propositions After Thirty Years	129
11	Still Searching for Optimal Capital Structure	142
12	The Capital Structure Puzzle: Another Look at the Evidence	153
13	What Do We Know About Stock Repurchases?	167
14	The Dividend Cut: "Heard 'Round the World": The Case of FPL	190
15	Stern Stewart Roundtable on Capital Structure and Stock Repurchase	203
Pt. IV	The Financing Decision II: The Finance Vehicles	239
16	Raising Capital: Theory and Evidence	242
17	Financing Corporate Growth	260
18	Are Banks Still Special? New Evidence on Their Role in the Corporate Capital-Raising Process	278
19	Convertible Bonds: Matching Financial and Real Options	291
20	The Uses of Hybrid Debt in Managing Corporate Risk	306
21	Using Project Finance to Fund Infrastructure Investments	318
Pt. V	Risk Management	333
22	Financial Innovation: Achievements and Prospects	337
23	Managing Financial Risk	345
24	Rethinking Risk Management	367
25	Theory of Risk Capital in Financial Firms	385
26	Corporate Insurance Strategy: The Case of British Petroleum	403
27	Value at Risk: Uses and Abuses	416
Pt. VI	International Finance	431
28	Financial Markets and Economic Growth	434
29	Globalization, Corporate Finance, and the Cost of Capital	442
30	Globalization of Capital Markets and the Asian Financial Crisis	461
31	Incorporating Country Risk in the Valuation of Offshore Projects	472
32	Yankee Bonds and Cross-Border Private Placements: An Update	485
33	Financial Risk Management for Developing Countries: A Policy Overview	498
Pt. VII	International Corporate Governance	515
34	Is American Corporate Governance Fatally Flawed?	518
35	The Role of Corporate Governance in South Korean Economic Reform	526
36	Corporate Ownership and Control in the U.K., Germany, and France	535
37	Universal Banks Are Not the Answer to America's Corporate Governance "Problem": A Look at Germany, Japan, and the U.S.	552
38	Which Capitalism? Lessons from the East Asian Crisis	570
39	Measuring the Effectiveness of Different Corporate Governance Systems: Toward a More Scientific Approach	579
	Epilogue	589
40	Merton Miller's Contribution to Modern Finance	590
	Index	603