This two-volume set of 23 articles authoritatively describes recent scholarship in corporate finance and asset pricing. Volume 1 concentrates on corporate finance, encompassing topics such as financial innovation and securitization, dynamic security design, and family firms. Volume 2 focuses on asset pricing with articles on market liquidity, credit derivatives, and asset pricing theory, among others. Both volumes present scholarship about the 2008 financial crisis in contexts that highlight both continuity and divergence in research. For those who seek insightful perspectives and important details, they demonstrate how corporate finance studies have interpreted recent events and incorporated their lessons. Covers core and newly-developing fields Explains how the 2008 financial crises affected theoretical and empirical research Exposes readers to a wide range of subjects described and analyzed by the best scholarsIt was not until 1993 that assets in stock funds exceeded both bond funds and money market funds in size. ... As shown in Table 3, average fees are higher for stock funds than for bond funds, but both have decreased by 50% since 1990.
|Title||:||Handbook of the Economics of Finance SET:Volumes 2A & 2B|
|Author||:||George M. Constantinides, Milton Harris, Rene M. Stulz|
|Publisher||:||Newnes - 2013-01-21|