| Description |
1 online resource (1 volume) : illustrations |
| Series |
Handbooks in finance |
|
Handbooks in finance.
|
| Note |
Vol. no. from cover. |
| Bibliography |
Includes bibliographical references and indexes. |
| Contents |
Front Cover; Handbook of Corporate Finance; Copyright Page; Introduction to the Series; Contents of the Handbook; Preface: Empirical Corporate Finance; Table of Contents; Part 3: Dividends, Capital Structure, and Financial Distress; Chapter 10. Payout Policy; 1. Introduction; 2. The Miller and Modigliani Irrelevance Propositions; 2.1. Dividend Policy Irrelevance; 3. Dividends and Taxes; 3.1. Tests of the Brennan Model; 3.2. The Ex-Dividend Day Studies; 3.3. Ex-Day and Cross-Sectional Studies; 3.4. The Case of Citizen Utilities; 3.5. Recent Evidence on Dividends and Taxes. |
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4. Agency Relationships and Dividend Policy4.1. The main claimholders of the firm; 4.2. Stockholder-Bondholder conflict and dividends; 4.3. Conflicts of Interest between Stockholders and other Senior Claimholders; 4.4. Ownership Versus Control and the Dividend Decision; 5. Asymmetric Information and Payout Policy; 5.1. Dividend-Signaling Models; 5.2. Dividend Smoothing and Dividend Clienteles; 5.3. Empirical Evidence on Signaling; 6. Share Repurchases; 6.1. Empirical Evidence on Share Repurchases; 7. Alternative Theories and New Stylized Facts; 8. Conclusion; References. |
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Chapter 11. Taxes and Corporate Finance1. Introduction; 2. Taxes and Capital Structure-the U.S. Tax System; 2.1. Theory and Empirical Predictions; 2.2. Empirical Evidence on Whether the Tax Advantage of Debt Increases Firm Value; 2.3. Empirical Evidence on Whether Corporate Taxes Affect Debt vs. Equity Policy; 2.4. Empirical Evidence on Whether Personal Taxes Affect Corporate Debt vs. Equity Policy; 2.5. Beyond Debt vs. Equity; 3. Taxes and Capital Structure-International Tax Issues; 3.1. Tax Incentives and Financial Policy in Multinational Firms: Theory and Tax Rules. |
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3.2. Empirical Evidence Related to Multinational Tax Incentives to Use Debt3.3. Other Predictions and Evidence about Multinational Tax Incentives; 4. Taxes, LBOs, Corporate Restructuring, and Organizational Form; 4.1. Theory and Predictions; 4.2. Empirical Evidence; 5. Taxes and Payout Policy; 5.1. Theory and Empirical Predictions; 5.2. Empirical Evidence on Whether Firm Value is Negatively Affected by Dividend Payments; 5.3. Evidence on Whether Ex-Day Stock Returns and Payout Policy are Affected by Investor Taxes; 6. Taxes and Compensation Policy; 6.1. Theory and Empirical Predictions. |
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6.2. Empirical Evidence7. Taxes, Corporate Risk Management, and Earnings Management; 7.1. Theory and Empirical Predictions; 7.2. Empirical Evidence; 8. Tax Shelters; 9. Summary and Suggestions for Future Research; References; Chapter 12. Trade-Off and Pecking Order Theories of Debt; 1. Introduction; 2. Theory; 2.1. Kinds of Theories; 2.2. The Modigliani-Miller Theorem; 2.3. The Trade-Off Theory; 2.4. The Pecking Order Theory; 3. Evidence; 3.1. Financing Decisions at the Aggregate Level; 3.2. Leverage Differences between Firms; 3.3. Studies of Leverage Changes. |
| Summary |
In collaboration with the first volume, this Handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.* Nine original chapters summarize research advances and. |
| Subject |
Corporations -- Finance -- Handbooks, manuals, etc.
|
|
Corporations -- Finance |
| Genre |
Handbooks and manuals
|
| Added Author |
Eckbo, Bjørn Espen.
|
| Added Title |
Corporate finance |
|
Empirical corporate finance |
| Other Form: |
Print version: Handbook of corporate finance. Amsterdam ; London : North Holland, 2008 9780444530905 (OCoLC)213317962 |
| ISBN |
9780080932118 |
|
0080932118 |
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