Preface 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)5. Merton Miller's Contribution To Modern Finance: Ren' Stulz (Ohio State University)II: The Corporate Investment Decision: 6. Finance Theory and Financial Stragety: Stewart Myers (Massachusetts Institute of Technology)7. In Defense of Beta: S. P. Kothari and Jay Shanken (University of Rochester)8. The Liquidity Route to a Lower Cost of Capital: Yakov Amihud (New York University) and Haim Mendelsohn (Stanford University)9. The Promise of Real Options: Aswath Damodoran (New York University)10. Real Options and Corporate Risk Management: Alexander Triantis (University of Maryland)III: The Financing Decision I: Capital Structure: 11. The Modigliani-Miller Propositions After Thirty Years: Merton Miller (University of Chicago)12. Still Searching for Optimal Capital Structure: Stewart Myers (Massachusetts Institute of Technology)13. The Capital Structure Puzzle: Another Look at the Evidence: Michael Barclay and Clifford Smith (University of Rochester)14. What Do We Know About Stock Repurchases? : Gustavo Grullon and David Ikenberry (Rice University)15. 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. )IV: The Financing Decision II: The Finance Vehicles: 16. Raising Capital: Theory And Evidence: Clifford Smith (University of Rochester)17. Financing Corporate Growth: Bradford Cornell (University of California, Los Angeles) and Alan Shapiro (University of Southern California)18. Are Banks Still Special? New Evidence on Their Role in the Capital-Raising Process: Christopher James and David Smith (University of Florida)19. Convertible Bonds: Matching Financial and Real Options: David Mayers (University of California at Riverside)20. The Uses of Hybrid Debt in Managing Corporate Risk: Charles Smithson (Chase Manhattan Bank) and Donald H. Chew (Stern Stewart & Co. )21. Using Project Finance to Fund Infrastructure Investments: Richard Brealey, Ian Cooper, and Michel Habib (London Business School)V: Risk Management: 22. Financial Innovation and Economic Performance: Robert Merton (Harvard University)23. Managing Financial Risk: Clifford W. Smith, Jr. (University of Rochester), Charles W. Smithson (Continental Bank) and D. Sykes Wilford (Chase Manhattan Bank)24. Rethinking Risk Management: Rene Stulz (Ohio State University)25. Theory of Risk Capital in Financial Firms: Robert Merton and Andr' Perold: (Harvard Business School)26. Corporate Insurance Strategy: the Case of British Petroleum: Neil Doherty (University of Pennsylvania) and Clifford Smith (University of Rochester)27. 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)VI: International Finance: 28. Financial Markets and Economic Growth: Merton Miller (University of Chicago)29. Globalization, Corporate Finance, and the Cost of Capital: Ren' Stulz (Ohio State University)30. Globalization of Capital Markets and the Asian Financial Crisis: E. Han Kim (University of Michigan)31. Incorporating Country Risk in the Valuation of Offshore Projects: Donald Lessard (Massachusetts Institute of Technology)32. Yankee Bonds and Cross-Border Private Placements: An Update: Greg Johnson (Banc of America Securities LLC)33. Financial Risk Management for Developing Countries: A Policy Overview: Donald Lessard (Massachusetts Institute of Technology)VII: International Corporate Governance: 35. The Role of Corporate Governance in South Korean Economic Reform: Kenneth Scott (Stanford University)36. Corporate Governance and Corporate Performance: A Comparison of Germany, Japan, and the U. S.: Steven Kaplan (University of Chicago)37. 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)38. Which Capitalism? Lessons From the East Asian Crisis: Raghuram Rajan and Luigi Zingales (University of Chicago)39. Measuring the Effectiveness of Different Corporate Governance Systems: Toward a More Scientific Approach: Jonathan Macey (Cornell Law School)
