Preface of the Fourth Edition. Preface of the First Edition. Part I: Financial Markets:. 1. The History of Finance: An Eyewitness Account: Merton Miller (University of Chicago). 2. The Theory of Stock Market Efficiency: Accomplishments and Limitations: Ray Ball (University of Rochester). 3. Market Myths: G. Bennett Stewart, III (Stern Stewart & Co.). 4. An Analysis of Trading Profits: How Trading Rooms Really Make Money: Alberic Braas and Charles Braver (Oliver, Wyman & Company). Part II: The Corporate Investment Decision:. 5. Finance Theory and Financial Strategy: Stewart Myers (Massachusetts Institute of Technology). 6. In Defense of Beta: S.P. Kothari and Jay Shanken (University of Rochester). 7. The Liquidity Route to a Lower Cost of Capital: Yakov Amihud (New York University) and Haim Mendelsohn (Stanford University). 8. The Promise of Real Options: Aswath Damodoran (New York University). 9. Real Options: State of the Practice: Alexander Triantis (University of Maryland) and Adam Borison (Applied Decision Analysis/ PricewaterhouseCoopers). Part III: The Financing Decision I: Capital Structure:. 10. The Modigliani--Miller Propositions After Thirty Years: Merton Miller (University of Chicago). 11. Still Searching for Optimal Capital Structure: Stewart Myers (Massachusetts Institute of Technology). 12. The Capital Structure Puzzle: Another Look at the Evidence: Michael Barclay and Clifford Smith (University of Rochester). 13. What Do We Know About Stock Repurchases?: Gustavo Grullon and David Ikenberry (Rice University). 14. Stern Stewart Roundtable on Capital Structure and Stock Repurchase: Panelists: Clifford Smith (University of Rochester); Erik Sirri (Babson College); Tim Opler (Credit Suisse First Boston); David Ikenberry (Rice University); Richard Thevenet (Pepsico); and Dennis Soter (Stern Stewart & Co.) Moderated by Donald Chew (Stern Stewart & Co.). Part IV: The Financing Decision II: The Finance Vehicles:. 15. Raising Capital: Theory And Evidence: Clifford Smith (University of Rochester). 16. Financing Corporate Growth: Bradford Cornell (University of California, Los Angeles) and Alan Shapiro (University of Southern California). 17. Are Banks Still Special? New Evidence on Their Role in the Capital--Raising Process: Christopher James and David Smith (University of Florida). 18. Convertible Bonds: Matching Financial and Real Options: David Mayers (University of California at Riverside). 19. The Uses of Hybrid Debt in Managing Corporate Risk: Charles Smithson (Chase Manhattan Bank) and Donald H. Chew (Stern Stewart & Co.). 20. Using Project Finance to Fund Infrastructure Investments: Richard Brealey, Ian Cooper, and Michel Habib (London Business School). Part V: Risk Management:. 21. Financial Innovation: Achievements and Prospects: Merton Miller (University of Chicago). 22. Managing Financial Risk: Clifford W. Smith, Jr. (University of Rochester), Charles W. Smithson (Continental Bank) and D. Sykes Wilford (Chase Manhattan Bank). 23. Rethinking Risk Management: Rene Stulz (Ohio State University). 24. Theory of Risk Capital in Financial Firms: Robert Merton and Andre Perold: (Harvard Business School). 25. Corporate Insurance Strategy: The Case of British Petroleum: Neil Doherty (University of Pennsylvania) and Clifford Smith (University of Rochester). 26. Value at Risk: Uses and Abuses: Christopher Culp (CP Risk Management LLC), Merton Miller (University of Chicago) and Andrea M. P. Neves (CP Risk Management LLC). Part VI: International Finance:. 27. Financial Markets and Economic Growth: Merton Miller (University of Chicago). 28. Globalization, Corporate Finance, and the Cost of Capital: Rene Stulz (Ohio State University). 29. Globalization of Capital Markets and the Asian Financial Crisis: E. Han Kim (University of Michigan). 30. Incorporating Country Risk in the Valuation of Offshore Projects: Donald Lessard (Massachusetts Institute of Technology). 31. Yankee Bonds and Cross--Border Private Placements: An Update: Greg Johnson (Banc of America Securities LLC). 32. Financial Risk Management for Developing Countries: A Policy Overview: Donald Lessard (Massachusetts Institute of Technology). Part VII: International Corporate Governance:. 33. Is American Corporate Governance Fatally Flawed?: Merton Miller (University of Chicago). 34. The Role of Corporate Governance in South Korean Economic Reform: Kenneth Scott (Stanford University). 35. Corporate Ownership and Control in the U.K., Germany, and France: Julian Franks (London Business School) and Colin Mayer (Oxford University). 36. Universal Banks Are Not the Answer to America's Corporate Governance Problem: A Look at Germany, Japan, and the U.S.: Jonathan R. Macey (Cornell Law School) and Geoffrey Miller (New York University Law School). 37. Which Capitalism? Lessons From the East Asian Crisis: Raghuram Rajan and Luigi Zingales (University of Chicago). 38. Measuring the Effectiveness of Different Corporate Governance Systems: Toward a More Scientific Approach: Jonathan Macey (Cornell Law School). Epilogue:. 39. Merton Miller's Contribution To Modern Finance: Rene Stulz (Ohio State University). Index.
