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Recent Developments in Corporate Finance (Hardcover)
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Recent Developments in Corporate Finance (Hardcover)
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Over the past decade there have been a number of significant
developments in financial economics, and major contributions have
been made both by individuals who could be classified as
conventional financial economists and by others who do not fit
easily into this category - theoretical microeconomists, public and
industrial economists. This volume contains a selection from the
papers presented at a conference in Oxford in September 1985 which
aimed to bring together a number of the leading participants in
this field. The papers in the volume cover a wide range of topics -
Summers on the efficiency of financial markets; Heinkel and
Schwartz, and Asquith and Mullins on new equity issues; Green and
Talmor on asymmetric corporate taxation and investment; Stiglitz
and Weiss on credit rationing; Anderlini on the foundations of
banking theory; and Alworth, and Cooper and Kaplanis on aspects of
international investment - but they clearly reflect the main themes
in financial economics at present: the importance of informational
asymmetries and of taxation.
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