Volume 33

Should Shareholders Have a Say on Acquisitions?

• Capital Allocation
• Governance
• Incentives
• Leverage
• Valuation

by Marco Becht, Andrea Polo, and | Number 1, Winter 2021, Volume 33 1 year ago

Shareholders of U.S. corporations have lost billions of dollars in acquisitions they never approved. In the United Kingdom, …

American Enterprise Institute Roundtable: Was Milton Friedman Right about Shareholder...

• Governance
• Incentives
• Sustainability

Panelists: Clifford Asness, Glenn Hubbard, and | Number 1, Winter 2021, Volume 33 1 year ago

In this look back at Milton Friedman’s famous essay in The New York Times 50 years ago organized …

Risk Capital: Theory and Applications

• Capital Allocation
• Leverage
• Risk
• Sustainability
• Valuation

by Isil Erel, Stewart C. Myers, | Number 1, Winter 2021, Volume 33 1 year ago

After a brief review of the current theory and practice of risk capital by financial firms, the authors …

Strategic Financial Management: Lessons from Seasoned Equity Offerings

• Capital Allocation
• Leverage
• Valuation

by Fangjian Fu and Clifford W. | Number 1, Winter 2021, Volume 33 1 year ago

Each of today’s three dominant academic theories of capital structure has trouble explaining the financing behavior of companies …