Content
January 1994, Volume 6, Issue 4
- 75-80 LONG‐TERM REWARDS FROM SHAREHOLDER ACTIVISM: A STUDY OF THE “CalPERS EFFECT”
by Stephen L. Nesbitt - 81-92 Creating Pay‐For‐Performance In Financially Troubled Companies
by Stuart C. Gilson & Michael R. Vetsuypens - 93-97 Is Style Management Out Of Style?
by Daniel J. Cardell & James D. Miller - 98-102 The Corporate Pension Fund As A Strategic Business Unit
by Theodore K. Thornton - 103-108 Why The Corporate Pension Fund Is Not Just Another Sbu
by William Reichenstein - 109-112 The Stern Stewart Performance 1000: Using Eva™ To Build Market Value
by Laura Walbert
September 1993, Volume 6, Issue 3
- 4-15 Corporate Insurance Strategy: The Case Of British Petroleum
by Neil A. Doherty & Clifford W. Smith - 16-32 Theory Of Risk Capital In Financial Firms
by Robert C. Merton & André Perold - 33-41 The Trajectory Of Corporate Financial Risk Management
by Walter Dolde - 61-72 The Nature And Causes Of Foreign Currency Exposure
by John J. Pringle & Robert A. Connolly - 73-80 An Overview Of Current Tax Impediments To Risk Management
by Andrea S. Kramer & J. Clark Heston - 81-90 Myths And Realities Of The Global Capital Market: Lessons For Financial Managers
by Laurent Jacque & Gabriel Hawawini - 91-94 Gains From Synthetic Financings With Interest Rate Swaps: Fact Or Fancy?
by Vipul K. Bansal & James L. Bicksler & Andrew H. Chen & John F. Marshall - 95-99 Estimating The Value Of Call Options On Corporate Bonds
by Richard J. Kish & Miles Livingston - 100-103 How to Succeed in Derivatives Without Really Buying
by Andrew J. Kalotay & George O. Williams - 104-108 Risk Adjusted Performance Measurement In The Trading Room
by Charles Bralver & Andrew Kuritzkes - 109-110 Environmental Protection And Forward Contracts: Sulfur Dioxide Emission Allowances
by John Byrd & Tom Zwirlein
June 1993, Volume 6, Issue 2
- 32-34 Creating Relationships Between Corporations And Institutional Investors: An Introduction
by John Pound - 35-38 A Perspective On The New Shareholder Activism
by Lawrence Perlman - 39-47 Building Relationships With Major Shareholders: A Case Study Of Lockheed
by Walter Skowronski & John Pound - 48-53 Finance Theory And The New Investor Relations
by John Byrd & Waldemar Goulet & Marilyn Johnson & Mark Johnson - 54-63 How Sophisticated Is The Market In Interpreting Earnings News?
by Victor L. Bernard & Jacob K. Thomas & Jeffery S. Abarbanell - 81-87 Fundamentals Largely Explain Stock Price Volatility
by S. P. Kothari & Jay Shanken - 88-90 I'Ve Got The Horse Right Here: Sports Betting And Market Efficiency
by Martin S. Fridson - 91-95 Economically Targeted Investments: A New Threat To Private Pension Funds
by M. Wayne Marr & John R. Nofsinger & John L. Trimble
March 1993, Volume 6, Issue 1
- 4-14 Still Searching For Optimal Capital Structure
by Stewart C. Myers - 15-24 The Staying Power Of Leveraged Buyouts
by Steven N. Kaplan - 25-37 Strategic Restructuring In Large Management Buyouts
by John Easterwood & Anju Seth - 60-71 Leveraged Recaps And The Curbing Of Corporate Overinvestment
by David J. Denis & Diane K. Denis - 72-88 THE EVOLUTION OF BUYOUT PRICING AND FINANCIAL STRUCTURE (OR, WHAT WENT WRONG) IN THE 1980s
by Steven N. Kaplan & Jeremy C. Stein - 89-94 Underwriter Effects And The Riskiness Of Original‐Issue High‐Yield Bonds
by Harlan D. Platt - 95-103 A Comparison Of The U.K. And U.S. Bankruptcy Codes
by Julian R. Franks & Walter N. Torous - 104-115 Highly Leveraged Transactions And Fraudulent Conveyance Law
by Timothy A. Luehrman & Lance L. Hirt
January 1993, Volume 5, Issue 4
- 4-8 Zen and the Art of Securities Regulation
by Joseph A. Grundfest - 9-18 Dear Mr. President
by Edward H. Fleischman - 19-27 Redundant Regulation Of Foreign Security Trading And U.S. Competitiveness
by William J. Baumol & Burton G. Malkiel - 28-36 Listing of Foreign Securities on U.S. Exchanges
by Franklin R. Edwards - 37-43 Regulating The Equity Component Of Capital Structure: The Sec'S Response To The One‐Share, One‐Vote Controversy
by Ronald J. Gilson - 44-48 An Appropriate Federal Role In The Market For Corporate Control
by Michael Ryngaert - 49-55 Next Steps In Corporate Governance Reform: 13(D) Rules And Control Person Liability
by Bernard Black - 56-61 Mutual Funds In The Boardroom
by Mark J. Roe - 62-75 The New Disclosures Of Executive Pay
by Merton Miller & Charles Cox & Ronald Gilson & Gregg Jarrell & Hans Stoll - 76-82 An Overview of the Executive Compensation Debate
by Gregg A. Jarrell - 83-88 Accounting For Executive Compensation
by Ross L. Watts - 89-93 Organization Of The Stock Market: Competition Or Fragmentation?
by Hans R. Stoll - 94-97 Market Transparency: Pros, Cons, And Property Rights
by J. Harold Mulherin
September 1992, Volume 5, Issue 3
- 6-18 Raiders, Targets, And Politics: The History And Future Of American Corporate Control
by John Pound - 19-32 Institutional Investors And Corporate Governance: The Case For Institutional Voice
by Bernard S. Black - 33-46 The Seer Mechanism: A Proposal For Shareholder Voting On Reinvestment Of Corporate Cash Flow
by Bartley J. Madden - 47-57 Rethinking Takeover Regulation
by Roberta Romano - 78-82 The Case For Independent Outside Directors
by John Byrd & Kent Hickman - 83-91 The Case For Private Placements: How Sophisticated Investors Add Value To Corporate Debt Issuers
by Dennis Emerick & William White - 92-100 Project Valuation Under Uncertainty: When Does Dcf Fail?
by Nalin Kulatilaka & Alan J. Marcus
June 1992, Volume 5, Issue 2
- 4-16 Capital Choices: Changing The Way America Invests In Industry
by Michael E. Porter - 17-22 Are Financial Markets The Problem Or The Solution? A Reply To Michael Porter
by Peter L. Bernstein - 23-28 Economics And Ethics: The Case Of Salomon Brothers
by Clifford W. Smith - 29-41 What Makes You Think U.S. Capital Is So Expensive?
by W. Carl Kester & Timothy A. Luebrman - 42-58 Shareholder Trading Practices And Corporate Investment Horizons
by Kenneth A. Froot & Andre F. Perold & Jeremy C. Stein - 59-66 The Market Rewards Promising R&D—And Punishes The Rest
by Su H. Chan & John W. Kensinger & John D. Martin - 67-82 Capabilities And Capital Investment: New Perspectives On Capital Budgeting
by CARLISS Y. Baldwin & Kim B. Clark - 83-98 Governance, Contracting, And Investment Horizons: A Look At Japan And Germany
by W. Carl Kester - 99-109 Does Executive Compensation Affect Investment?
by Robert Gibbons & Kevin J. Murphy - 131-134 The New Continental Bank Approach To Incentive Compensation: A Response To The Roundtable
by Joseph V. Thompson - 135-136 What Pay For Performance Looks Like: The Case Of Michael Eisner
by Stephen F. O'Byrne
March 1992, Volume 5, Issue 1
- 36-43 Uncommon Equity
by Andrew H. Chen & John W. Kensinger - 44-49 Dutch Auction Share Repurchases: Theory And Evidence
by Donald B. Hausch & Dennis E. Logue & James K. Seward - 50-54 Innovation In Global Financing: The Case Of Euroequity Offerings
by Wayne Marr & John L. Trimble & RaJ Varma - 55-60 Equity Investment In Latin America
by Alberto Luzárraga - 61-70 CAUSES AND CONSEQUENCES OF THE 1980s COMMERCIAL CONSTRUCTION BOOM
by Patric H. Hendershott & Edward J. Kane - 71-82 The Future Of Asset Securitization: The Benefits And Costs Of Breaking Up The Bank
by George J. Benston - 88-93 Taxing Illusory Gains: Tax Reform
by Donald G. Simonson & Nelson P. Woodard
January 1992, Volume 4, Issue 4
- 4-11 Financial Innovation: Achievements And Prospects
by Merton H. Miller - 12-22 Financial Innovation And Economic Performance
by Robert C. Merton - 23-39 An Overview Of Corporate Securities Innovation
by John D. Finnerty - 40-47 THE ORIGIN OF LYONs: A CASE STUDY IN FINANCIAL INNOVATION
by John J. McConnell & Eduardo S. Schwartz - 79-89 The Uses Of Hybrid Debt In Managing Corporate Risk
by Charles W. Smithson & Donald H. Chew - 90-102 Corporate Medium‐Term Notes
by Leland Crabbe - 103-108 Hedging Business Cycle Risk With Macro Swaps And Options
by John F. Marshall & Vipul K. Bansal & Anthony F. Herbst & Alan L. Tucker - 109-116 Avoiding New Evils By Applying New Remedies: Taxes And The Cross‐Border Transaction
by Richard Briffett
September 1991, Volume 4, Issue 3
- 6-19 Voluntary Restructuring: The Case Of General Mills
by Gordon Donaldson - 20-23 Tax Obstacles To Voluntary Corporate Restructuring
by Merton H. Miller - 49-56 THE TAKEOVER WAVE OF THE 1980s
by Andrei Shleifer & Robert W. Vishny - 57-67 What Went Wrong With The Highly Leveraged Deals?
by Martin S. Fridson - 68-77 Control Of Corporations By Active Block Investors
by Michael J. Barclay & Clifford G. Holderness - 78-84 The Director'S New Clothes
by Robert Monks & Nell Minow
June 1991, Volume 4, Issue 2
- 6-13 Leverage
by Merton H. Miller - 13-34 Corporate Control And The Politics Of Finance
by Michael C. Jensen - 62-70 Managing Default: Some Evidence On How Firms Choose Between Workouts And Chapter 11
by Stuart C. Gilson - 71-78 The Bankruptcy Code And Violations Of Absolute Priority
by Lawrence A. Weiss - 79-92 What Really Went Wrong At Revco?
by Karen H. Wruck - 93-98 The Economics Of Prepackaged Bankruptcy
by John J. McConnell & Henri Servaes - 98-105 Japanese Corporate Governance And The Conservation Of Value In Financial Distress
by W. Carl Kester - 105-116 From Cash Management To Bank Reform
by Marcus W. Acheson
March 1991, Volume 4, Issue 1
- 30-45 Maximizing Shareholder Value At The Private Company
by Patrick T. Finegan - 46-58 Lessons From A Middle Market Lbo: The Case Of O.M. Scott
by George P. Baker & Karen H. Wruck - 59-65 How Mid‐Sized Companies Manage Risk
by Marshall Blake & Nelda Mahady - 66-76 Financing Network Organizations
by John W. Kensinger & John D. Martin - 77-85 The Eclipse Of Growth Capital
by Stephen R. Waite - 86-91 Is There A Credit Crunch? And What Should We Do About It?
by George J. Benston - 92-95 Regulation And Capital Market Efficiency: Some Evidence From The U.S. Credit Crunch Of 1990
by Bluford H. Putnam - 96-100 The Credit Crunch: A Regulatory Squeeze On Growth Capital
by Glenn Yago
January 1991, Volume 3, Issue 4
- 6-19 International Competitiveness Of U.S. Futures Exchanges
by Merton H. Miller - 21-24 Restructuring The U.S. Banking System For Global Competition
by Thomas C. Theobald - 25-36 The Economic Import Of Europe 1992
by Alan C. Shapiro - 47-58 Corporate Restructuring, Buy‐Outs, And Managerial Equity: The European Dimension
by Mike Wright & Ken Robbie & Steve Thompson - 59-72 GLOBAL COMPETITION AND CORPORATE FINANCE IN THE 1990s
by Donald R. Lessard - 73-82 Managing Foreign Exchange Exposure
by John J. Pringle - 83-89 FINANCING THE UNCREDITWORTHY: NEW FINANCIAL STRUCTURES FOR LDCs
by Gregory J. Millman - 90-97 The Hidden Costs Of Japanese Success
by W. Carl Kester - 98-106 “Lies, Damned Lies, And Statistics”: Why The Trade Deficit Doesn'T Matter In A Borderless World
by Kenichi Ohmae
September 1990, Volume 3, Issue 3
- 36-49 Ceo Incentives — It'S Not How Much You Pay, But How
by Michael C. Jensen & Kevin J. Murphy - 50-61 Pay‐For‐Performance For Middle Managers: Causes And Consequences
by George P. Baker - 62-70 Simulating Ownership For Line Managers
by G. Bennett Stewart - 71-76 Financing A Generational Change Of Ownership
by John R. Willis & Avy H. Stein - 77-81 The Motives And Consequences Of Debt‐Equity Swaps And Defeasances: More Evidence That It Does Not Pay To Manipulate Earnings
by John R. M. Hand & Patricia J. Hughes - 82-88 Can A Successful Company Expect To Increase Its Share Price? A Clarification Of A Common Misconception
by Simon M. Keane
June 1990, Volume 3, Issue 2
- 6-37 The Economic Consequences Of High Leverage And Stock Market Pressures On Corporate Management: A Roundtable Discussion
by J. Ira Harris - 38-59 Announcing the Stern Stewart Performance 1,000: A New Way of Viewing Corporate America
by G. Bennett Stewart - 60-69 Do Bad Bidders Become Good Targets?
by Mark L. Mitchell & Kenneth Lehn - 70-81 Reversing Corporate Diversification
by Amar Bhide - 82-95 Setting the Record Straight on Junk Bonds: A Review of the Research on Default Rates and Returns
by Edward I. Altman - 96-101 Financing Chapter 11 Companies in the 1990s
by Mark C. Rohman & Michael A. Policano - 102-108 A Review of the RJR‐Nabisco Buyout
by Nancy Mohan & Card R. Chen
March 1990, Volume 3, Issue 1
- 39-50 Rethinking Corporate Real Estate
by William B. Brueggeman & Jeffrey D. Fisher & David M. Porter - 51-55 From Cassandra With Love…
by Samuel Zell - 56-64 Managing Interest Rate Risk In Real Estate Development
by Stephen Cameron & Kevin Holme & Alice Rapport - 65-76 The Performance Of Real Estate As An Asset Class
by William N. Goetzmann & Roger G. Ibbotson - 77-89 Some New Ideas In Real Estate Finance
by Richard A. Graff & Daniel M. Cashdan
January 1990, Volume 2, Issue 4
- 6-18 Strategic Risk Management
by S. Waite Rawls & Charles W. Smithson - 19-28 Identifying, Measuring, And Hedging Currency Risk At Merck
by Judy C. Lewent & A. John Kearney - 29-34 Managing Currency Exposure: The Case Of Western Mining
by Peter J. Maloney - 35-47 The Use Of Interest Rate Swaps In Managing Corporate Liabilities
by Laurie S. Goodman - 48-58 Swaps At Transamerica: Analysis And Applications
by Robert Einzig & Bruce Lange - 59-71 Forward Swaps, Swap Options, And The Management Of Callable Debt
by Keith C. Brown & Donald J. Smith - 72-84 The New Regulation Of Hybrid Debt Instruments
by James V. Jordan & Robert J. Mackay & Eugene J. Moriarty - 85-90 An Analysis Of Trading Profits: How Most Trading Rooms Really Make Money
by Albéric Braas & Charles N. Bralver - 91-96 Stock Volatility And Program Trading: Theory And Evidence
by Satish Thosars & Lenos Trigeorgis
September 1989, Volume 2, Issue 3
- 6-23 Market Myths
by G. Bennett Stewart - 45-58 How Rational Investors Deal With Uncertainty (Or, Reports Of The Death Of Efficient Markets Theory Are Greatly Exaggerated)
by Keith C. Brown & W. V. Harlow & Seba M. Tinic - 59-64 How Investors Interpret Changes In Corporate Financial Policy
by Paul M. Healy & Krishna G. Palepu - 65-73 Liquidity And Cost Of Capital: Implications For Corporate Management
by Yakov Amihub & Haim Mendelson - 74-85 The Development And Future Of The Loan Sales Market
by Dennis McCrary & Jo Ousterhout - 85-99 The Origins And Resolution Of The Thrift Crisis
by Roger C. Kormendi & Victor L. Bernard & S. Craig Pirrong & Edward A. Snyder - 100-106 Why The Budget Deficit Doesn'T Matter
by Alan C. Shapiro
June 1989, Volume 2, Issue 2
- 6-35 Corporate Governance: The Role Of Boards Of Directors In Takeover Bids And Defenses
by J. Ira Harris - 36-59 The Causes And Consequences Of Hostile Takeovers
by Amar Bhide - 60-67 The Effect Of Control Changes On The Productivity Of U.S. Manufacturing Plants
by Frank R. Lichtenberg & Donald Siegel - 68-76 Divestitures: Mistakes Or Learning
by J. Fred Weston - 77-86 An Introduction To Mezzanine Finance And Private Equity
by John R. Willis & David A. Clark - 87-96 How To Value Recapitalizations And Leveraged Buyouts
by Isik Inselbag & Howard Kaufold
March 1989, Volume 2, Issue 1
- 6-18 The Modigliani‐Miller Propositions After Thirty Years
by Merton H. Miller - 19-29 Living with Corporate Debt
by Stephen S. Roach - 31-34 Statement by Alan Greenspan
by Alan Greenspan - 35-44 “Active Investors, LBOs, and the Privatization of Bankruptcy*”
by Michael C. Jensen - 45-51 “Taxation and Corporate Debt”
by Lawrence H. Summers - 52-57 Testimony of Alan J. Auerbach
by Alan J. Auerbach - 64-70 Leveraged Buy‐outs
by Kohlberg Kravis - 71-75 How Leveraged Buyouts Can Really Work: A Look at Three Cases
by Wm. Brian Little & Steven B. Klinsky - 76-86 Management Buy‐outs, Debt, and Efficiency: Some Evidence From the U.K
by Steve Thompson & Mike Wright & Ken Robbie - 87-96 Why the Trade Deficit Does Not Matter
by Alan C. Shapiro
January 1989, Volume 1, Issue 4
- 6-17 Stock Index Futures And The Crash Of '87
by Merton H. Miller & Burton Malkiel & Myon Scholes & John D. Hawke - 18-26 The Evolution Of Risk Management Products
by S. Waite Rawls & Charles W. Smithson - 27-48 Managing Financial Risk
by Clifford W. Smith & Charles W. Smithson & D. Sykes Wilford - 49-58 The Arithmetic Of Financial Engineering
by Donald J. Smith - 59-66 Pricing Financial Futures Contracts: An Introduction
by Kenneth R. French - 67-73 How To Use The Holes In Black‐Scholes
by Fischer Black - 74-80 The British Petroleum Stock Offering: An Application Of Option Pricing
by Chris Muscarella & Michael Vetsuypens