Advances in Corporate Finance and Asset Pricing

Advances in Corporate Finance and Asset Pricing......Page 4
Dedication of the book to Piet Duffhues......Page 6
Contents......Page 8
Contributors......Page 12
List of Figures......Page 22
List of Tables......Page 26
Introduction: Corporate Restructuring and Governance, Valuation and Asset Pricing......Page 32
Part 1 Corporate Restructuring......Page 44
Mergers and Acquisitions in Europe......Page 46
The Performance of Acquisitive Companies......Page 108
The Announcement Effects and Long-run Stock Market Performance of Corporate Spin-offs: International Evidence......Page 136
The Competitive Challenge in Banking......Page 164
Consolidation of the European Banking Sector: Impact on Innovation¹......Page 192
Part 2 Corporate Governance......Page 218
Transatlantic Corporate Governance Reform......Page 220
The Role of Self-Regulation in Corporate Governance: Evidence and Implications from the Netherlands......Page 230
Shareholder Lock-in Contracts: Share Price and Trading Volume Effects at the Lock-in Expiry......Page 266
The Grant and Exercise of Stock Options in IPO Firms: Evidence from the Netherlands......Page 308
Institutions, Corporate Governance and Firm Performance......Page 324
Part 3 Capital Structure and Valuation......Page 340
Why Do Companies Issue Convertible Bonds? A Review of the Theory and Empirical Evidence......Page 342
The Financing of Dutch Firms: A Historical Perspective¹......Page 372
Corporate Financing in the Netherlands......Page 396
Syndicated Loans: Developments, Characteristics and Benefits......Page 412
The Bank’s Choice of Financing and the Correlation Structure of Loan Returns: Loans Sales versus Equity......Page 424
Shareholder Value and Growth in Sales and Earnings......Page 442
Part 4 Asset Pricing and Monetary Economics......Page 452
The Term Structure of Interest Rates: An Overview......Page 454
Incorporating Estimation Risk in Portfolio Choice......Page 480
A Risk Measure for Retail Investment Products¹......Page 504
Understanding and Exploiting Momentum in Stock Returns......Page 516
Relating Risks to Asset Types: A New Challenge for Central Banks......Page 536
Author Index......Page 550
Subject Index......Page 562