Financial Markets

Four Volume Set
ISBN: 978-1-4129-0251-9
Verlag: SAGE PUBN

Buch, Englisch, 1656 Seiten, Format (B × H): 164 mm x 241 mm, Gewicht: 3030 g

Reihe: Sage Library in Business and M

This landmark work illustrates the progress that has been made in financial markets and assesses innovations that provide solutions to dilemmas and increase efficiency. These articles break down the complex web of relationships between the financial intermediary, the managers of corporations, shareholders, creditors, analysts and regulators. If complete information was disseminated to all participants, and all participants were ethical and competent, there would be less need for research on financial markets. Given the numerous conflicts of interest, the research included in these volumes attacks existing problems in financial markets in search of a solution. The research also identifies problems that have gone unnoticed. Research on financial markets identifies more problems in financial markets than it solves. Nevertheless, the research findings can help one use financial markets to one's advantage, rather than be used by them. This new edition to the SAGE Library in Business and Management discloses relevant research about the environment and behaviour within each of several financial markets so that participants can make informed decisions. It also hints at some of the unresolved issues in financial markets that are likely to receive more attention in future financial research.

Autoren/Hrsg.

Madura, Jeff

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

VOLUME ONE: FINANCIAL MARKETS AND INSTITUTIONS
PART ONE: ROLE OF FINANCIAL INSTITUTIONS
What Do Financial Intermediaries Do? - F Allen and A M Santomero
Markets and Institutions - F Moshirian and G Szego
Global Perspectives
Global Integration in Primary Equity Markets - A P Ljungqvist, T Jenkinson and W Wilhelm
The Role of US Banks and US Investors
PART TWO: STRATEGY AND PERFORMANCE
Leverage - M H Miller
Integration of Lending and Underwriting - G Kanatis and J Qi
Implications of Scope Economies
Information Technology and Financial Services Competition - R Hauswald and R Marquez
Effects of Cross-Border Bank Mergers on Risk and Value - Y Amihud, G L DeLong and A Saunders
Mutual Fund Advisory Contracts - D N Deli
An Empirical Investigation
PART THREE: GOVERNANCE IN FINANCIAL MARKETS
The Market for Corporate Control - M C Jensen and R S Ruback
The Scientific Evidence
Performance Consequences of Mandatory Increases in Executive Stock Ownership - J E Core and D F Larcker
Government Ownership of Banks - R Laporta, F Lopez-de-Silanes and A Shleifer
China Share Issue Privatization - Q Sun, and W H S Tong
The Extent of Its Success
Governance and Boards of Directors in Closed-End Investment Companies - D Del Guercio, L Y Dann, and M M Partch
VOLUME TWO: EQUITY MARKETS
PART ONE: STOCK PRICING AND VOLATILITY
Asset Pricing and Expected Inflation - R Stulz
Information and Volatility - S A Ross
The No-Arbitrage Martingale Approach to Timing and Resolution Irrelevancy
Foundations of Portfolio Theory - H Markowitz
Capital Asset Prices with and without Negative Holdings - W Sharpe
The Cross-Section of Expected Stock Returns - E F Fama and K R French
Industry Costs of Equity - E F Fama and K R French
Views of Financial Economists on the Equity Premium and on Professional Controversies - I Welch
Are the Fama and French Factors Global or Country Specific? - J M Griffin
The Equity Premium - E F Fama and K R French
Why Does Stock Market Volatility Change over Time? - W Schwert
Time-Invariant Portfolio Insurance Strategies - M J Brennan and E S Schwartz
An Examination of Herd Behavior in Equity Markets - E C Chang, J W Cheng and A Khorana
An International Perspective
Capital Markets and the Evolution of Family Businesses - U Bhattacharya and B Ravikumar
Greener Pastures and the Impact of Dynamic Institutional Preferences - J A Bennett, R W Sias and L T Starks
PART TWO: MARKET GLOBALIZATION
Time-Varying Risk Preferences and Emerging Market Comovements - T K Chue
The Structure of Interdependence in International Stock Markets - D A Bessler and J Yang
PART THREE: PUBLIC OFFERINGS
Long-Run Performance of Initial Public Offerings - J Ritter
A Review of IPO Activity, Pricing and Allocations - J Ritter and I Welch
The Role of Lockups in Initial Public Offerings - A Brav and P A Gompers
The Pricing of Global and Domestic Initial Public Offerings - C Wu and C C Y Kwok
Valuation Effects of Seasoned Global Equity Offerings - V Errunza and D P Miller
Long-Run Performance Following Private Placements of Equity - M Hertzel et al
PART FOUR: MICROSTRUCTURE
An Empirical Analysis of NYSE Specialist Trading - A Madhavan and G Sofianos
Liquidity and Price Discovery - M O'Hara
The Quality of ECNs and Nasdaq Market Maker Quotes - R D Huang
The Behavior of Bid-Ask Spreads and Volume in Options Markets during the Competition for Listing in 1999 - P De Fontnouvelle, R P H Fishe and J H Harris
Cross-Border Listings and Price Discovery - C Eun and S Sabherwal
Evidence from US-Listed Canadian Stocks
VOLUME THREE: CREDIT MARKETS
PART ONE: BOND MARKETS
Taxes and Corporate Finance - J Graham
A Review
Asset Liquidity, Debt Covenants and Managerial Discretion in Financial Distress - H DeAngelo, L DeAngelo and K H Wruck
The Collapse of L A Gear
The Long-Term Performance of Corporate Bonds (and Stocks) Following Seasoned Equity Offerings - A C Eberhart and A Siddique
The Informational Ef