The Revolution in Corporate Finance

Evidence: Clifford Smith (University of Rochester). 16. Financing Corporate Growth: Bradford Cornell (University of California, Los Angeles) and Alan Shapiro (University of Southern California). 17. Are Banks Still Special? New Evidence on Their Role in the Capital--Raising Process: Christopher James and David Smith (University of Florida). 18. Convertible Bonds: Matching Financial and Real Options: David Mayers (University of California at Riverside). 19. The Uses of Hybrid Debt in Managing Corporate Risk: Charles Smithson (Chase Manhattan Bank) and Donald H. Chew (Stern Stewart & Co.). 20. Using Project Finance to Fund Infrastructure Investments: Richard Brealey, Ian Cooper, and Michel Habib (London Business School). Part V: Risk Management:. 21. Financial Innovation: Achievements and Prospects: Merton Miller (University of Chicago). 22. Managing Financial Risk: Clifford W. Smith, Jr. (University of Rochester), Charles W. Smithson (Continental Bank) and D. Sykes Wilford (Chase Manhattan Bank). 23. Rethinking Risk Management: Rene Stulz (Ohio State University). 24. Theory of Risk Capital in Financial Firms: Robert Merton and Andre Perold: (Harvard Business School). 25. Corporate Insurance Strategy: The Case of British Petroleum: Neil Doherty (University of Pennsylvania) and Clifford Smith (University of Rochester). 26. Value at Risk: Uses and Abuses: Christopher Culp (CP Risk Management LLC), Merton Miller (University of Chicago) and Andrea M. P. Neves (CP Risk Management LLC). Part VI: International Finance:. 27. Financial Markets and Economic Growth: Merton Miller (University of Chicago). 28. Globalization, Corporate Finance, and the Cost of Capital: Rene Stulz (Ohio State University). 29. Globalization of Capital Markets and the Asian Financial Crisis: E. Han Kim (University of Michigan). 30. Incorporating Country Risk in the Valuation of Offshore Projects: Donald Lessard (Massachusetts Institute of Technology). 31. Yankee Bonds and Cross--Border Private Placements: An Update: Greg Johnson (Banc of America Securities LLC). 32. Financial Risk Management for Developing Countries: A Policy Overview: Donald Lessard (Massachusetts Institute of Technology). Part VII: International Corporate Governance:. 33. Is American Corporate Governance Fatally Flawed?: Merton Miller (University of Chicago). 34. The Role of Corporate Governance in South Korean Economic Reform: Kenneth Scott (Stanford University). 35. Corporate Ownership and Control in the U.K., Germany, and France: Julian Franks (London Business School) and Colin Mayer (Oxford University). 36. Universal Banks Are Not the Answer to America's Corporate Governance "Problem": A Look at Germany, Japan, and the U.S.: Jonathan R. Macey (Cornell Law School) and Geoffrey Miller (New York University Law School). 37. Which Capitalism? Lessons From the East Asian Crisis: Raghuram Rajan and Luigi Zingales (University of Chicago). 38. Measuring the Effectiveness of Different Corporate Governance Systems: Toward a More Scientific Approach: Jonathan Macey (Cornell Law School). Epilogue:. 39. Merton Miller's Contribution To Modern Finance: Rene Stulz (Ohio State University). Index.